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AkzoNobel Announces Project Development Agreement For Waste-To-Chemical Facility

On February 16, 2018, AkzoNobel, announced that a consortium of companies signed a project development agreement to develop a waste-to-chemistry facility in Rotterdam, Netherlands.  The facility will convert non-recyclable mixed waste, including plastics, into syngas and then into clean methanol for use in the chemical industry and for the transportation sector.  An estimated 360,000 tons of waste will be converted into 220,000 tons of clean methanol.  The agreement covers the initial investment of nine million euros for the detailed engineering, setup of a dedicated joint venture, and completion of the permitting process.  The final investment decision for the estimated 200 million euro project is expected to be made in 2018.  According to Marco Waas, Research, Development, Innovation (RD&I) and Technology Director at AkzoNobel Specialty Chemicals, “the agreement comes at a very appropriate time given the current challenges in plastics recycling in Europe.  We can convert non-recyclable waste, into methanol, an essential raw material for many everyday products, including sustainable transportation fuel.  Not only can this be used in the existing supply chains and replace fossil sources, but it also avoids CO2 emissions otherwise produced by burning waste.”  The consortium responsible for the project consists of AkzoNobel Specialty Chemicals, Air Liquide, and Enerkem.

©2020 Bergeson & Campbell, P.C.National Law Review, Volume VIII, Number 54

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