TotalEnergies SE and OMV AG are preparing to launch new facilities that will produce synthetic oil from waste plastic.

This initiative aims to reduce emissions associated with chemical production by converting used plastics into a liquid oil state.

This method offers a promising alternative to traditional mechanical recycling methods, as it does not significantly alter the plastic's structure.

Major oil refiners are increasingly adopting sustainable practices in response to environmental concerns, and the shift towards synthetic oil production reflects this trend.

By utilizing advanced technologies to recycle plastics, these companies are positioning themselves as leaders in the evolving energy landscape, meeting both regulatory demands and market expectations for greener solutions.