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Released April 18, 2022 | NEW DELHI
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Researched by Industrial Info Resources (Sugar Land, Texas)--Many companies are investing in recycling projects in Europe to meet growing demand for eco-friendly and low-energy processes.
One of the major driving factors behind this growing demand is a new requirement by the European Commission to ban single-use plastics. Items such as plastic straws, cutlery and food containers will be banned unless made with recycled plastic.
Ruhr Oel GmbH, (Gelsenkirchen, North Rhine-Westfalia, Germany) and parent company BP plc (NYSE:BP) (London, England) plans to invest US$160 million in a new plastics recycling unit at an existing 140,000-barrel-per-day (BBL/d) refinery in Gelsenkirchen, Germany. Subscribers to Industrial Info's Global Market Intelligence (GMI) Petroleum Refining Project Database can click here for the project report.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
One of the major driving factors behind this growing demand is a new requirement by the European Commission to ban single-use plastics. Items such as plastic straws, cutlery and food containers will be banned unless made with recycled plastic.
Ruhr Oel GmbH, (Gelsenkirchen, North Rhine-Westfalia, Germany) and parent company BP plc (NYSE:BP) (London, England) plans to invest US$160 million in a new plastics recycling unit at an existing 140,000-barrel-per-day (BBL/d) refinery in Gelsenkirchen, Germany. Subscribers to Industrial Info's Global Market Intelligence (GMI) Petroleum Refining Project Database can click here for the project report.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
