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Dubal Holding, Quantafuel and BASF are entering the Front End Engineering and Design (FEED) phase of a chemical recycling plant for waste plastics in Dubai.
After a six-month feasibility study, which determined the main design parameters and secured the site and raw materials, the project is now entering the FEED phase, with BASF as a partner in the new phase of the project. A potential final investment decision (FID) is targeted for early 2023, a statement said.
Dubal Holding, the Dubai government’s investment arm in commodities and mining, power and energy, and industry; technology-based recycling company Quantafuel and global chemical company BASF today signed an agreement for the development of Plastics-to-Liquids (PtL) in Dubai The processing plant performs Front End Engineering Design (FEED).
It said the PtL project would be an important step towards a circular economy, converting low-quality, non-recyclable plastics into valuable products and helping Dubai achieve its goal of zero waste to landfill by 2030.
The partners have agreed to collaborate and share the development costs of the plant based on the learning and optimization of Quantafuel’s first full-scale commercial plant in Skive, Denmark. Saipem, an Italian engineering and construction specialist, has been selected as the FEED service provider. The development FEED for the 80,000-tonne-per-year plant will be completed in 2022, with a potential final investment decision scheduled for early 2023.
Ahmad Hamad Bin Fahad, CEO of Dubal Holding, said: “This agreement is an important step towards cooperation that will foster the advancement of sustainable technologies and help the UAE achieve a circular economy. The agreement is based on seeking to benefit recycling in the region. and sustainable investment. This project is in line with Dubal Holding’s commitment to invest in promising projects, putting the UAE at the global leadership position in this emerging field.”
Chris Lach, Chief Commercial Officer of Quantafuel, said: “It is encouraging that this project in Dubai leads Quantafuel’s project portfolio. Based on our experience at Skive and completed feasibility studies, we are delighted that this strong The partnership has decided to move forward with FEED towards FID.”
Udo Huenger, Vice President FZE and Head of the Middle East Market Area at BASF: “We are delighted to have the opportunity to be a partner in the FEED study of the Dubai Plastics-to-Liquids Plant, based on our European expertise. ChemCyclingTM project. Supporting our technology partner Quantafuel And working with the visionaries at Dubal Holding to drive Dubai’s vision of zero landfill by 2030 brings us one step closer to a circular economy.” – arab trade news agency
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