Converting used, non-recycled plastics into oil
Wide-scale deployment of emerging technology that converts used, non-recycled plastics into oil could generate up to $9 billion in annual U.S. economic output and create upwards of 40,000 domestic jobs, according to a report released recently by the American Chemistry Council (ACC).
The report assessed the economic potential of a rapidly developing technology called pyrolysis—more commonly known as plastics-to-oil. ACC’s analysis found that the United States could support as many as 600 of these facilities nationwide, which could yield $2.1 billion in annual payroll and create up to $6.6 billion in capital investment (Press Release ACC, 8 October 2014).
Click here for the press release.
Click here for an executive summary of the report (268 kB).
Click here for a factsheet (461 kB).
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