The circular economy in action

Transcription

1 Introduction to PolyStyreneLoop & Summary of General Assembly The circular economy in action CLOSED-LOOP RECOVERY OF POLYSTYRENE FOAM AND BROMINE

2 The circular economy in action CLOSED-LOOP RECOVERY OF POLYSTYRENE FOAM AND BROMINE LEIN TANGE & JAN NOORDEGRAAF DIRECTORS POLYSTYRENELOOP COOP U.A.

3 Content PolyStyreneLoop demoplant history Status demoplant Working groups Financial

4 The cooperative who we are Coop and B.V. Organisation: founded by Synbra Technology and ICL Focus: demonstrating that PS foam can contribute to a Circular Economy Members: industry representatives of the whole PS foam value chain Goal: building and operation of a demoplant, further implementation of process all over Europe

5 PolyStyreneLoop cooperative 60 entities from 14 countries Know how providers - FR producers - EPS bead & XPS producers - EPS converters - Industry sectors & associations - System applicators - Styrene recyclers - Waste collectors - Machinery suppliers

6 6th November 2017

7 Objective to enable the recycling of construction waste EPS and XPS and at same time destructing the HBCD, while recovering the bromine in line with the new POP regulations by demonstrating an innovative recycling process of 3000 tons recycled PS/year and organizing the EPS/XPS value chain by means of a collaborative model which will trigger further replication throughout Europe

8 The PolyStyreneLoop project Offers a solution with an innovative process to turn PS foam waste into new high quality material, based on the CreaSolv * Technology Supported by authorities included in the UNEP Basel Convention as best available technology to handle HBCD containing waste considered as an iconic project within the LIFE programme (the EU s funding instrument for the environment and climate action) *CreaSolv is a registered trademark of CreaCycle GmbH

9 Context PS Foam Flame retardant (HBCD) required for fire safety of buildings POP Because of its persistency in the environment, HBCD is considered a pollutant Incineration is the only treatment to ensure the pollutant is destructed, but is not a desired option PolyStyreneLoop has a solution >> 1960 s

10 The PolyStyreneLoop project Collection PS foam/ps Producers Converters System Supplier Consumers Foam waste collection point - cleaning and compaction kg/m 3 (A) Packaging FR and non FR Building demolition ETICS / cavity wall foam panels recovery PS CreaSolv TM Process with Bromine Recovery Unit HBCD destruction Solvent Recovery Solvent Bromine recovery for reuse

11 The Technology The CreaSolv Process Solvent-based Recycling when other technologies fail Inert Impurities PS Foam Waste Dissolution Purification Precipitation PS Drying PS Product Solvent Recovery CreaSolv is a registered trademark of CreaCycle GmbH Impurities including HBCD HBCD destruction + Bromine Recovery Suitable for expanded polystyrene Safe, specific and effective solvents Separation of impurities Free of foreign polymers Free of impurities Properties of virgin plastics

12 Organigram PolyStyreneLoop

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14 Working Groups WG Engineering WG Permits WG Collection WG Reporting & Finance WG Communication & Advocacy

15 WG Collection and Pre-treatment Goal Connect available PS-foam to PolyStyreneLoop demonstration plant How Set up system to get material to plant Organize logistics Active Working Group Networking Trials Guidelines

16 Terneuzen ready to receive material Space available

17 15 May 2018 Pilot project selective demolition flatroof Vibilsburg, DE

18 Powerbrush Pre-treatment of EPS from flatroofs Bitumen removed and separately collected EPS collected and pre-sorted Input Cleaning with mobile/stationary Powerbrush Compaction (Heger Tiger 400) Based on presentation of M. Ludwig on 2 March 2018

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20 Household Waste Recycling Centres NL: Collection of construction EPS together with packaging EPS

21 Netherlands: 2019 collection via general binding agreement After evaluation period GBA Afvalfonds Verpakkingen Stybenex NRK PSLoop Cooperative 3-5 members

22 Project planning Product specific trials Preparation application license Lead time licensing Basic engineering Detail engineering Civil works Process erection/installation Commisioning and start-up III IV I II III IV I II III IV

23 Land Plot arrangement

24 Building view 3D

25 CreaSolv view 3D

26 Communication activities

27 Communication activities

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29 PolyStyreneLoop Total budget

30 Financial budget Investment 7,0m LIFE Grant incorporated for 1,5m Sales price Fair market price -/- 50 /t Calculated output tonnes Repay bank loan 0,65m from 2021

31 Income statement Income statement - PolyStyreneLoop Net revenues Raw materials - - (334) (501) (501) (501) (501) (501) (501) (501) Solvent & other materials - - (625) (712) (712) (712) (712) (712) (712) (712) License Fee - - (100) (88) (88) Utilities & Packaging - - (456) (684) (684) (684) (684) (684) (684) (684) Variable costs - - (1.514) (1.984) (1.984) (1.896) (1.896) (1.896) (1.896) (1.896) Gross margin Personnel costs (84) (245) (650) (716) (716) (636) (636) (636) (636) (636) Maintenance - - (210) (210) (210) (210) (210) (210) (210) (210) Other costs (281) (110) (200) (180) (180) (180) (180) (180) (180) (180) Fixed costs (365) (355) (1.060) (1.106) (1.106) (1.026) (1.026) (1.026) (1.026) (1.026) EBITDA (365) (355) (74) Depreciation - - (456) (608) (608) (608) (608) (608) (608) (608) LIFE Grant EBIT (300) (74) As % of net revenues Gross margin 39,4% 47,1% 47,1% 49,4% 49,4% 49,4% 49,4% 49,4% EBITDA -3,0% 17,6% 17,6% 22,1% 22,1% 22,1% 22,1% 22,1% Sales volumes Sale price / T year total

32 Financial scenario's Sales /t

33 Financial scenario's

34 Preparation for the Pledge : Roll out PSLoop Coop UA Objective to enable the recycling of construction waste EPS and at same time destructing the HBCD, while recovering the bromine in line with the new POP regulations by demonstrating an innovative recycling process of 3000 tons recycled PS/year and organizing the value chain by means of a collaborative model which will trigger further replication throughout Europe After 2028

35 Value chain funding of recycling capacity proposed by Bewi Synbra As arbitrary KPI is 1 mil per 1 kt capacity is used (greenfield) For 200 kt EPS waste per 2025, one needs to invest 200 mil 1/3 own equity, rest a loan from the bank, so need 66 mil., 10 yr 6,6 mil. /yr. Current EPS bead capacity in Europe is 1800 kt with only 10 companies offering Current SM sales in Europe is kt, assume 3500 kt, with 10 companies 66,6 mil. over 1800 kt EPS is 1,83 /ton or 0,002 /kg 66,6 mil. over 3500 kt SM is 0,94 /ton or 0,0009 /kg Proposed: use the concept of 0.01 /kg for all recycling processes, all styrenics polymers and applications in an independent fund, accruing pro rato for EPS, PS, etc. managed by industry Make this funding mechanism part of the entire styrenics chain pledge The end users pay

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