Approach
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A strategic exercise was conducted to gain insight into which plastics types and value chains to focus on. This was based on the current recycling practices and aspirations within the cluster.
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Möbius and PoAB conducted a knowledge-driven dialogue with various parties, including brand owners, technology providers, chemical cluster, and processors. They structurally mapped needs and requirements around (the start-up of) advanced plastics recycling projects in the selected value chains.
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Möbius identified a range of possible investment targets for its circular NextGen District. These targets would complement the current chemical cluster from a circular perspective.
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Together with PoAB, Möbius defined which roles the port authority could play in bringing about promising projects in the field of integrated and innovative plastics recycling in and around the Port of Antwerp-Bruges.
Results
Through analysis and research, PoAB came to an informed conclusion about the main purpose of the circular cluster (plastics and chemical recycling), the projects that could be implemented, and the needs of potential investors. As a result, PoAB was able to successfully bring in a sizeable investment of €250 million. The investment came from advanced recycling company PureCycle, in addition to other backers.
Read more about PureCycle's first plastic recycling plant in Europe on the Port of Antwerp-Bruges site. Alternatively, you can read the press article about it in De Tijd.