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Freepoint Eco-Systems and Dow partner to produce virgin-grade plastics from pyrolysis oil
Waste Recovery & Management Tech
May 20, 2024
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Lhyfe receives EUR 11 million grant from Klimatklivet for green hydrogen project in Sweden
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VR therapy platform CUREosity raises EUR 3.8 million in funding to expand market presence
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Jun 22, 2024
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Coinbase updates mobile wallet to add decentralized app browser
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Jun 22, 2024
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OpenAI acquires Rockset to power retrieval infrastructure
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Jun 21, 2024
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OpenAI acquires Rockset to power retrieval infrastructure
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Jun 21, 2024
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Jun 21, 2024
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Paramount Planet Product raises USD 1 million in federal grant funding to support commercialization
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Jun 21, 2024
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Apple delays launch of Apple Intelligence features in EU citing regulatory concerns
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Jun 21, 2024
Waste Recovery & Management Tech

Waste Recovery & Management Tech

May 20, 2024

Freepoint Eco-Systems and Dow partner to produce virgin-grade plastics from pyrolysis oil

Partnerships

  • Freepoint Eco-Systems, a Texas-based company that uses advanced recycling technology to secure and recycle plastic, has partnered with Dow, a leader in material sciences, to turn plastic waste into synthetic oil to manufacture new high-quality plastics in Dow's US Gulf Coast operations.

  • The proposed facility will process plastic waste in the region and is expected to convert ~70% of each ton of waste into pyrolysis oil. This oil will be supplied to Dow to manufacture new products equivalent to virgin-grade plastics. Freepoint’s facility in Eloy, Arizona, is scheduled to begin its first phase in 2026 and could recycle up to 180,000 tons of plastic waste annually when fully operational.

  • Analyst QuickTake: The latest partnership marks a significant step in Freepoint strengthening its operations in the US, having joined the Cyclyx consortium in July 2023 . Freepoint is also working to have its first commercial recycling facility operating by the second half of 2024 and initially announced plans for its Arizona facility in September 2023 .

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