Clariter, Count Energy Trading announce supply agreement
Clariter, Count Energy Trading announce supply agreement
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In both companies’ drives to transform the petrochemical industry, Clariter and Count Energy Trading have entered a five-year strategic supply agreement that will allow Clariter to supply its oils and solvents made from recycled plastic.
Based on current market values, the agreement is estimated to be worth up to $1.4 billion in future product sales, the companies say.
Luxembourg-based Clariter will use its four commercial plants in Europe and the Middle East to develop its oils, waxes and solvents, which it gets through recycling most types of plastic scrap. The company says various industries can use these as inputs for more than 1,000 sustainably produced industrial and consumer products, including printer ink, shoe polish, paints and candles.
“Clariter is the only chemical recycler that produces high-grade oils, solvents and waxes,” CEO Ran Sharon says. “The agreement with Count is a major milestone in our journey to rid the world of plastic waste and replace fossil fuel-based products. Count’s reputation and network will help us rapidly expand into many new product markets.”
A team of traders in energy products and renewables based in Rotterdam, Netherlands, Count says it strives to promote a circular economy and sustainability from different angles, focusing on the energy transition; transparent environmental, social and governance (ESG) reporting; carbon disclosure; and decarbonized transportation options.
“The partnership with Clariter supports and boosts our efforts of bridging the sustainability transition in our industry,” Count CEO Jeroen Baaima says. “We are excited to bring to our customers Clariter’s circular oils and solvents, empowering them further towards a more sustainable future.”
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Source: Recycling Today
Clariter, Count Energy Trading announce supply agreement
<![CDATA[In both companies’ drives to transform the petrochemical industry, Clariter and Count Energy Trading have entered a five-year strategic supply agreement that will allow Clariter to supply its oils and solvents made from recycled plastic. Based on current market values, the agreement is estimated to be worth up to $1.4 billion in future product sales, the companies say. Luxembourg-based Clariter will use its four commercial plants in Europe and the Middle East to develop its oils, waxes and solvents, which it gets through recycling most types of plastic scrap. The company says various industries can use these as inputs for more than 1,000 sustainably produced industrial and consumer products, including printer ink, shoe polish, paints and candles. “Clariter is the only chemical recycler that produces high-grade oils, solvents and waxes,” CEO Ran Sharon says. “The agreement with Count is a major milestone in our journey to rid the world of plastic waste and replace fossil fuel-based products. Count’s reputation and network will help us rapidly expand into many new product markets.” A team of traders in energy products and renewables based in Rotterdam, Netherlands, Count says it strives to promote a circular economy and sustainability from different angles, focusing on the energy transition; transparent…