When a vehicle enters the end-of-life stream, its metals will probably be recovered. But the plastics are likely headed to landfill, despite the fact that many of them are high-value, high-performance polymers.
LyondellBasell, one of biggest plastic and chemical companies on the planet, has stepped into the plastics recycling sector for the first time. A high-level executive recently explained what drove the decision.
A $20 million New Jersey plastics recycling facility is in development, and project leaders say it will process roughly 100 million pounds of scrap plastics per year for sale into a variety of end markets.