The challenge
Only 9% of the plastic waste is being recycled. That is by far not enough to meet the sustainability objectives on recycling and CO2 emissions. New recycling methods like SYNOVA’s process are needed to fill the gap.
Plastic recycling challenge
Market challenge
The packaging industry has ambitious targets to use recycled plastics in their packaging and the chemical industry has ambitious targets to produce recycled content. The current recycling rate for plastics is not near any of these targets.
The European Union has announced regulations on recycled content in packaging goods. By creating a strong mechanism to hold businesses accountable, plastic recycling content goals are no longer optional: they must be met. This is a historic move for Europe.
The direction is very clear
Plastic recycling needs to step up quickly