Eni Partners With Prysmian to Recycle Plastic Cable Waste [Yahoo! Finance]
PRYSMIAN S.P.A. UNSP/ADR (PRYMY)
NASDAQ:AMEX Investor Relations:
prysmiangroup.com/en/investors
Company Research
Source: Yahoo! Finance
Under the agreement, Prysmian will collect plastic waste from its manufacturing operations and from decommissioned cables returned by customers, while Versalis will process the material using its proprietary Hoop® chemical recycling technology at its Mantua facility in northern Italy. The Hoop® process converts mixed and cross-linked plastic waste into pyrolysis oil, which is then transformed into feedstock for new plastic polymers. Prysmian plans to reintroduce these recycled polymers into the production of high-performance energy cables. The companies estimate that around 60% of XLPE scrap can be recovered and reused through this approach, a significant improvement over conventional mechanical recycling methods. The initiative is described as the first large-scale application in the cable industry where cross-linked cables, with all polymeric layers combined, can be chemically recycled, potentially creating a closed-loop, circular system for cable materials. A pilot project is
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- 10/3/25 - KEPLER CHEUVREUX