QCP was founded in April 2014 and will build a polymer recycling plant with a nameplate capacity of 100.000 ton on the Chemelot Site in Sittard-Geleen, the Netherlands.The initiators are Huub Meessen and Marc Houtermans. Strategic investors are SITA, LIOF and Chemelot Ventures, next to the Province of Limburg, Limburgs Energie Fonds and the Community of Sittard-Geleen who have contributed to the investment. The building will be financed by Langen (Esloo, NL) and Rabobank is financing partner. All investors have a strategic interest in the company, either from industrial or regional perspective.
The total investment will be 75 million euro, of wich 35 million euro in the first phase, planned to be ready for production in 2015.
QCP will be based on the Chemelot Site, a strategic location in terms of polymers research, development and production of Polymers. At the hearth of Western Europe, QCP can benefit both in terms of supply and demand from the high population density. In addition to that, QCP has easy access to rail, barge and road connections.
QCP will recycle polyolefins: Polyethylenes (PE) and Polypropylenes (PP) with typical applications such as Crates & Boxes, Bottles & Cans, Automotive parts, White/Brown good parts and Shrink & Stretch Film. It will source both post-consumer as post-industrial waste.
QCP and circular polymers
The annual demand for plastics in Europe is about 50 million tons. These plastics are made from oil and gas, the prices of which are far higher in Europe than, for example, in the Middle East and the United States. In these areas, new refineries, crackers and polymer plants are being built, putting pressure on the European petrochemical industry.
Although plastics are extremely versatile and offer large advantages over other materials such as metals, the industry is facing an end-of-lifetime issue, with plastics ending up in oceans and in the environment at large. In Europe alone, plastic waste is estimated at 25 million ton per year. Therefore, the European Commission is about to ban landfill and incineration.
This will make large quantities of used plastics available, constituting a sustainable alternative to fossil raw materials. This will benefit the environment, by reducing both waste and greenhouse gases. In addition, QCP responds to the desire of the public in general and brand owners in particular to use our scarce resources for the automotive, packaging, construction or electronics markets in a more circular and sustainable way.