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
Source: chemweek.com
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