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ENABLING A CIRCULAR ECONOMY FOR CHEMICALS WITH THE MASS BALANCE APPROACH

June 19, 2019

The chemical industry uses a small set of raw materials or feedstocks to produce tens of thousands of products, many of them at ‘world scale’ plants operating at very high efficiency. They are the backbone of the chemical industry, which has over $2.5 trillion in investments worldwide. So far, however, the industry has been much less proficient at getting back the non-consumable products it produces once they have been used and feeding them back into production. Current recycling rates of major chemical products are very low (e.g. 9% worldwide for plastics) and to enable a circular economy there is an urgent need to find ways to loop them back into the production system.

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