Encina Development Group (The Woodlands, Texas) has announced plans to build a $1.1 billion, 450,000-metric tons/year facility for the advanced recycling of waste plastic in Point Township, Pennsylvania. Encina expects to begin construction in fall 2022 and to have the facility, which will produce a range of aromatics, fully operational by fall 2024.
The facility will employ Encina’s proprietary plastic fluid catalytic cracking (PFCC) process, which converts mixed waste plastic into benzene, toluene, and xylenes (BTX) and light olefins by way of pyrolysis.
In January, Encina announced that it had licensed Sulzer Chemtech’s its hydrotreating and aromatics extraction technology, SuRe BTX, for an advanced recycling facility to be built at an unspecified location in the northeastern US. In February, Encina announced that it had hired Technip Energies to conduct front-end engineering and design (FEED) for the pyrolysis section of a planned facility.
In March, Encina announced that it had secured $55 million of equity capital through an oversubscribed $32 million private placement that included participation from IMM Investment Global Limited and SW Recycle Fund. Encina said that it would use the newly secured capital and $20 million in previously secured equity financing to commercialize its plastic waste-to-aromatics recycling business.
by Clay Boswell
INEOS Styrolution, the global leader in styrenics, has today announced the official opening of a new world-scale ABS facility located in Ningbo, China, together with its joint venture partner SINOPEC. The facility has an annual nameplate capacity of 600,000 tonnes.
The merger of Röhm’s Acrylic Products business unit and SABIC’s Functional Forms business has resulted in the formation of Polyvantis. This new company will offer extruded products in the forms film, sheet, pipe and rod for markets that include building and construction, transportation and aviation, electrical and electronics, automotive and home and garden.
Abu Dhabi National Oil Co. (Adnoc) is considering plans to acquire upstream oil and gas company Wintershall DEA, an affiliate of BASF SE, according to a Bloomberg report citing people with knowledge of the matter. A deal to acquire Wintershall DEA could be worth more than €10 billion, the report said. BASF and Adnoc declined to comment on the report.