Taranis' €10 million investment in Pryme, a chemical plastics recycling company, signifies a strong commitment to advancing sustainability in the plastics industry. Emmanuel Colombel, CEO of Taranis Investment, emphasized the importance of supporting growth companies like Pryme in the plastics recycling sector. He praised Pryme's optimization of the pyrolysis process, highlighting its potential to address hard-to-recycle plastic waste streams effectively.
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Christopher Hervé, CEO of Pryme, expressed enthusiasm about the partnership with Taranis and its parent company, the Perenco Group. He noted their extensive experience in large-scale industrial projects and technical expertise, emphasizing their dedication to reducing carbon footprints and promoting circularity. Hervé anticipated that Taranis' involvement would help further develop Pryme into a significant player in advanced recycling.
However, challenges remain in the chemical recycling sector, as noted by Mark Victory, senior editor of recycling at ICIS. He pointed out the uncertainty in EU regulations, which creates hurdles for investment and sector involvement. Clearer legislation could attract more investment but might also draw criticism from NGOs.
On a positive note, the EU's Just Transition Fund recently awarded €5 million to Itero Technologies for its chemical recycling demonstration plant at Brightlands Chemelot Campus. This plant is expected to process 27,000 tons of waste plastics annually and divert over 20,000 tons of fossil resources within the same timeframe.
Overall, Taranis' investment in Pryme reflects a growing interest in sustainable solutions for plastic waste management, despite regulatory uncertainties in the EU. Collaboration between companies like Pryme and experienced investors like Taranis could pave the way for significant advancements in the recycling industry.
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Hello There.
14hHas Braskem already studied the pyrolysis of plastics, converting plastic waste into liquid, solid, and gaseous hydrocarbons, which can be used as raw materials in petrochemical processes to produce oil, and analyzed what to do with the burned plastic and its general chemical composition?