Garbo and Saipem cooperate on chemical recycling of PET
Garbo S.r.l. has signed an agreement with Saipem S.p.A. for the industrialisation, development and worldwide marketing of the “Chempet technology” for the chemical recycling of plastics. The agreement also includes the construction of the world’s first industrial plant for the chemical recycling of PET based on this technology in Cerano, Novara, Italy.
Garbo has developed a chemical recycling process based on depolymerisation that is claimed to turn much of the currently non-recyclable PET waste into new, high-quality PET for the chemical and food industries.
Saipem will also be the EPC contractor for the design and construction of the plant.
The Chempet technology represents a solution to the expected increase in demand for the recycling of plastics and PET in particular – also against the background of increasingly stringent regulations. Compared to competing technologies, the Chempet technology is characterised by simpler process and by-product management, the absence of flammable or hazardous substances and a wider range of treatable PET waste, says Garbo.
Garbo was assisted by Anthilia Holding as arranger of the transaction and Studio Pugno VAnoni Pividori as lawyers.
Guido Fragiacomo, CEO of Garbo, comments: “This agreement allows Chempet to consolidate its industrial leadership in chemical recycling through the immediate industrialisation of a 45 ktonne/year plant and the development of technology licences on a global scale. Chempet’s technology is based on Garbo’s more than 20 years of experience and R&D investment in processes for the recovery of by-products and industrial chemical waste.”
