● Covered by 1 source · 1 reportLow impact1 neutral
Meta partners with MacroCycle to support plastics recycling plant development
Key points
- Meta will purchase environmental attribute credits from MacroCycle.
- The deal provides revenue for MacroCycle's first commercial plant.
- MacroCycle's process recycles PET plastic with 80% less carbon.
- The plant will produce 5,000 metric tons of recycled plastic annually.
Meta Supports MacroCycle's First Plant
Plastics recycling startup MacroCycle announced a deal with Meta. This agreement will help accelerate the development of MacroCycle's first commercial plant. Meta will pay MacroCycle for the rights to avoided emissions, allowing Meta to count the reduction toward its own carbon footprint.
MacroCycle's Recycling Technology
Cambridge, Massachusetts-based MacroCycle has developed a method to process plastic waste, removing contaminants to create recycled material. The startup states its technology generates 80% fewer carbon emissions compared to new, non-recycled virgin PET plastic. This process uses solvents instead of heat, contributing to energy savings and lower costs.
Financial and Environmental Impact
Payments for environmental attribute credits (EACs) will provide MacroCycle with a revenue stream to support the construction of its new plant in the U.S. Meta's interest extends to fostering a market for low-carbon materials, such as plastics used in its supply chain for packaging and hardware. This is Meta's first such deal.
Production Capabilities and Process
MacroCycle's demonstration plant is designed to produce 5,000 metric tons of recycled plastic annually. The company's process involves dissolving and purifying PET from various waste streams, including textiles, which have a low recycling rate. The process creates macrocycles, which are then opened and linked to form higher-quality plastics indistinguishable from new material.
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Reporting from
Meta has signed a deal with plastics recycling startup MacroCycle to purchase environmental attribute credits. This agreement provides MacroCycle with revenue to fund its first commercial plant, which will produce recycled PET plastic with 80% fewer carbon emissions than virgin plastic.