Business
Honeywell Introduces Revolutionary Plastics Recycling Technology To Drive A Circular Plastics Economy
- Honeywell's UpCycle Process Technology expands the types of plastics that can be recycled - New technology can potentially increase the amount of global
About this update from Honeywell International Inc.
[{"type":"text","content":"- Honeywell's UpCycle Process Technology expands the types of plastics that can be recycled\n - New technology can potentially increase the amount of global plastic waste that can be recycled to 90% when used in conjunction with other chemical and mechanical recycling processes\n - New technology can produce recycled feedstock used to make plastics with 57% less CO2-equivalent emissions than plastics produced from fossil feeds\n - Sacyr, a Spain-based engineering and services company, will be the first to use the technology\n\n\nDES PLAINES, Ill., Nov. 2, 2021 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced the commercialization of a revolutionary process that expands the types of plastics that can be recycled and can produce feedstock used to make recycled plastics with a lower carbon footprint. The new technology can reduce the need for fossil fuels in the creation of virgin plastics while enabling hundreds of cycles of recycling, with the goal of enabling a circular economy for plastics. \nHoneywell's UpCycle Process Technology utilizes industry-leading molecular conversion, pyrolysis, and contaminants management technology to convert waste plastic back to Honeywell Recycled Polymer Feedstock, which is then used to create new plastics. The UpCycle Process technology expands the types of plastics that can be recycled to include waste plastic that would otherwise go unrecycled, including colored, flexible, multilayered packaging and polystyrene. When used in conjunction with other chemical and mechanical recycling processes -- along with improvements to collection and sorting – Honeywell's UpCycle Process Technology has the potential to increase the amount of global plastic waste that can be recycled to 90%.\nAccording to a study published by AMI International in September 2020, waste plastics processed through advanced recycling technologies, such as UpCycle Process Technology, could amount to between 5 and 15 million tons of additional plastic waste being recycled per year by 2030.1\nRecycled plastics produced via UpCycle Process Technology can result in a 57% reduction of CO2-equivalent (CO2e) emissions compared with the production of the same amount of virgin plastic from fossil feeds.2. The process also reduces CO2e emissions by 77% compared with conventional modes of handling waste plastic, such as incineration an...