QCP invests 75 million euros in a circular polymer plant at Chemelot
QCP, which stands for Quality Circular Polymers, is a new company that will provide brand owners and plastics convertors with polymers of high and consistent quality, based on used plastics. Such products will enable them to provide sustainable end products on a large scale. Reliable supply, integration, leading technologies, innovative recipes and a strategic participation by SITA, part of SUEZ ENVIRONNEMENT as supplier of used plastics, will enable QCP to push the circular plastics industry to the next level. QCP is an initiative of Huub Meessen and Marc Houtermans, entrepreneurs with extensive experience in petrochemicals. The investment is strongly supported by local investors.
The nameplate capacity of the plant will be 100,000 ton per year and will be realized in three phases. The total investment amounts to 75 million euros, of which 35 million euros in the first phase, planned to go live by the end of 2015. QCP will create up to 40 direct jobs during phase 1, growing to 100 after phase 3. In addition, 200 to 300 indirect jobs are expected to be created. Focus will be on PP (polypropylene) and PE (polyethylene), two of the main plastics.
Huub Meessen, CEO of QCP, specifically addresses brand owners and plastics convertors: “With the end product in mind, we reach out to co-develop grades for prime applications. That is why it is important that SITA will take care of the backward integration into raw materials, so we can guarantee a reliable supply to customers in high-end applications.”
Herman Snellink, Managing Director SITA Netherlands, adds: “With QCP we will realize a win-win situation, as we will enter downstream markets, creating value from our raw materials. This way we can close the loop, in line with our vision and the vision of many of our customers”.
Marc Houtermans, COO of QCP, stresses the importance of the location: “We will be based at the Chemelot site, the Polymer hotspot, with on-site utilities, direct access to Chemelot Campus, and in the heart of the main customer and supply base. We have the ambition to create a factory of the future, with leading technologies in a modular and flexible set-up, to create sustainable jobs for the region.”
The investment in QCP is the first of the newly formed Chemelot Ventures, which is the successor of Limburg Ventures. For co-investor LIOF it is one of its largest investments of the past few years. It is a substantial investment in a promising company, with immediate volume, scale, critical mass and impact. In short, it is an initiative with a lot of promise on a top location. At the same time this illustrates the excellent investment climate with Chemelot Industrial Park and Chemelot Campus as a combination”, says Jérôme Verhagen, managing director NV Industriebank LIOF and member of the Chemelot Ventures Supervisory Board.
Categories
Investments
2014-04-18
€ 75 mln at Chemelot (NL)Chemical substances
Countries
Companies
Latest news
PureCycle’s First Plastic Recycling Plant in Europe located in Antwerp-Brugges NextGen District, Belgium
The new plant is expected to have an annual capacity of 59,000 metric tons, with opportunities to expand operations with an anticipated total capacity of approximately 240,000 metric tons per year.
CABB site in Kokkola, Finland: vital growth with a focus on sustainability
CABB Group will invest more than EUR 50 million by 2025 in expanding its facilities at its site in Kokkola, Finland. A new office building is also being constructed. Special attention is being pai...
TotalEnergies commissions BioBéarn, the country’s largest anaerobic digestion unit in Mourenx, France
The project will convert 220,000 metric tons of organic waste into 200,000 metric tons per year of digestate, a natural fertilizer, and 160 GWh of biomethane. This new unit allowing to avoid the em...
Borealis, committed to lead the transformation to a circular economy, acquires a majority stake in Renasci’s Ostend facility, Belgium
Borealis increases its financial investment in Renasci to acquire a majority shareholding position of 50.01%. Investment will provide Borealis increasing access to chemically recycled feedstock, st...