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Loop Industries receives Reach registration for its chemically recycled MEG and DMT

February 18/2021

MOSCOW (MRC) -- Loop Industries’ chemically recycled monoethylene glycol (MEG) and dimethyl terephthalate (DMT) has been given Registration, Evaluation, Authorization and Restriction of Chemicals (Reach) approval by the European Chemicals Agency (ECHA), said Plasticstoday.

ECHA issued confirmation of Reach registration for MEG on 17 November, and DMT on 7 December. The two feedstocks are produced via the company’s depolymerisation technology, which uses recycled plastic to produce monomer material with virgin-like quality.

By achieving Reach certification, the company said its monomers are of a purity equal to what is currently recognised within Europe and entitles Loop to manufacture/import the monomers into Europe.

As part of the 14 December announcement, Loop said: “It should be noted that MEG and DMT are on the positive list for plastic materials, which means that the two monomers can be used as food-contact materials." EU regulation states that all polyethylene terephthalate (PET) beverage bottles must contain 25% recycled content by 2025, and all plastic bottles must contain 30% recycled content by 2030.

However, under the current legislation, these targets can only be met by using mechanically recycled material. Earlier this month, a European Commission spokesperson said EU approval of chemical recycling practices will be contingent on cradle-to-grave life cycle analysis (LCA).

As per MRC, Loop Industries is getting USD35 million in funding from a Toronto investment firm to help fund a recycling plant to produce tens of millions of pounds of RPET each year.

According to ICIS-MRC Price report, there was an acute shortage of PET in the Russian market. As a result, there was speculative excitement in the market. Sellers were raising prices of Russian PET chips, while the buyers who needed material had no other alternative at the moment.


mrcplast.com
Author:Anna Larionova
Tags:monoethylene glycol (MEG), PET bottles, PET films, PET preforms.
Category:General News
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