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question
we make plastics from petrochemicals. At some cost in energy, labor, capital. This would imply to me, that the market value of plastics has to always be higher than the cost of the oil used to make the petrochemical feedstocks. Well actually "value of application plastics" > value of basic petrochemicals > value of oil and gas. So it would seem to always make more sense to recycle plastic back into plastic, or at least into basic petrochemicals, than into oil, UNLESS the cost of this process is significantly less than the cost of conventional plastics to plastics recycling. edit: it sounds like this IS the case, at least in select applications, like the insulation on copper wire example. |
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