ExxonMobil halts €100m plastic recycling projects in Europe
ExxonMobil has put on hold a planned €100m ($118.4m) investment into plastic recycling facilities in Europe due to proposed EU regulations, reported Reuters. The investment was earmarked for two chemical recycling projects at the company's existing sites in Rotterdam and Antwerp, designed to process a total of 80,000 tonnes of plastic waste per year. The company’s senior vice-president, Jack Williams, told Reuters that while local support for the projects was strong, EU policy was the sole barrier prev ...