Saudi state-led petrochemicals firm Sabic has signed an MoU with British plastics recycling specialist Plastic Energy for the supply of feedstock to Sabic petchems plants in Europe.

The two firms plan to build the first commercial plant in the Netherlands to produce ‘Tacoil’ chemicals feedstock by recycling low quality mixed plastic waste that would otherwise be sent for incineration or landfill. (CONTINUED - 259 WORDS)