Recycling Projects Get Boost from European Commission

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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.

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