STAMFORD, Conn. , July 8, 2024 /PRNewswire/ -- Biotrend and Freepoint Eco-Systems International Ltd. (Freepoint Eco-Systems) announced a potential strategic partnership to expand their footprint in the circular economy for plastics. Through their shared vision, this collaboration will strengthen their presence in the advanced recycling industry.
Combining Expertise for a Sustainable Future
In connection with this venture, Biotrend and Freepoint Eco-Systems plan to develop advanced recycling projects that will divert end-of-life waste plastic from landfills and incineration. The projects will transform waste plastic through chemical recycling into pyrolysis oil, a product that is used as a feedstock in the production of petrochemical products including the resins used to make new plastic.
Biotrend brings its industry expertise and its ongoing development of an advanced plastic recycling facility in Alia?a, ?zmir, Turkey with a processing capacity of 60,000 tons per year. Freepoint Eco-Systems contributes its focus on building, owning, and operating large-scale advanced recycling facilities that convert waste plastic into pyrolysis oil that can be used to make new plastic. Freepoint Eco-Systems and its affiliates are developing facilities in North America, Europe and Southeast Asia, including a flagship advanced recycling facility in Ohio, USA, which will have the capacity to recycle about 90,000 tons of waste plastic per year and is projected to be one of the world's largest upon completion in late 2024.
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