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-9.83187493855581E-05 0 -9.83187493855581E-05 0.00478025759512336 0.00478025759512336 0.00478025759512336 0.00478025759512336 0.00478025759512336
Stock impact report

Eni's Versalis & Prysmian to Start Chemical Recycling of Plastic Scrap [Yahoo! Finance]

PRYSMIAN S.P.A. UNSP/ADR (PRYMY) 
NASDAQ:AMEX Investor Relations: prysmiangroup.com/en/investors
Company Research Source: Yahoo! Finance
joined forcesto create a circular economy for plastic cable scrap, aiming to reduce and recycle plastic waste. Under the agreement, Prysmian will gather plastic waste from its manufacturing processes, as well as from decommissioned and end-of-life cables sourced from its major customers, and convert them into new plastic polymers using a chemical recycling process. The plastic scrap collected by Prysmian will be sent to Versalis' Mantua plant in Italy, where it will be recycled using the proprietary Hoop® technology. This technology first converts the plastic scrap into a pyrolysis oil, which is then used as feedstock for new plastic polymers. Energy cables are generally insulated using cross-linked polyethylene (XLPE) and additional layers of polymers to improve durability and resistance. However, this makes it difficult to recycle using mechanical methods, as it degrades the plastic quality. The Hoop® technology, which is a chemical recycling procedure, enables the scrap to be r Show less Read more
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