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Denovia signs framework to scale polyester chemical recycling
The planned first facility would process tens of millions of pounds of material annually, with expansion to multiple plants handling billions of pounds.
OilPrice says plastics remanufacturing and molecular recycling are being positioned as a way to turn plastic waste back into usable feedstocks, with McKinsey estimating up to $75 billion in economic opportunity by 2035 for technologies that can put waste back to work.
In that context, OilPrice reports that Denovia has signed a strategic framework with a major international polyester producer to commercialize its molecular recycling technology, which is designed to break difficult polyester waste into chemical building blocks used to make new material.
The agreement begins with a planned commercial facility expected to process tens of millions of pounds of material each year. After technical and commercial validation, the project would expand into multiple facilities handling billions of pounds of waste annually, with the company targeting categories such as post industrial polyester, discarded textiles, contaminated and mixed polyester streams, automotive materials, and other difficult PET based waste.
OilPrice adds that at the one billion pound processing level, Denovia would handle roughly 454,000 tonnes of plastic, enough to fill about 18,000 semi trucks, which lined up end to end would stretch nearly 240 miles.