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Europe’s chemical recycling requires over €400 billion in cumulative capex to compete with virgin plastics production – who will lead?

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LONDON, May 27, 2025 /PRNewswire/ — Despite impending mandates and ambitious corporate targets, chemical recycling in Europe remains nascent today mostly due to unattractive economics. A new report published by Bain & Company revealed that the industry is worth over €400 billion in cumulative capex and cost parity with virgin plastics production could be achieved in 20-30 years. Plastics companies now have a window of opportunity to be early movers and reap material benefits.

Recycling polyolefins—a common type of thermoplastics—in Europe costs more than twice as much as producing virgin polyolefins today. Market forces alone are insufficient to drive change as customer demand is highly price sensitive and volumes are too limited to generate substantial cost benefits.

Policy could play a significant role to close the supply-demand gap. Like the sustainable diesel and aviation fuel mandates, European plastic companies could start small and gradually increase recycled material blending requirements, the report said. For instance, country-level or regional blending mandates that increase chemical recycling market penetration by 1–2% annually could unlock over 15% share of the plastics market by 2040. This pathway can deliver a smooth ramp-up with manageable capital requirements, healthy returns, and minimal margin erosion or unintended substrate switching.

Longer term, maturing technologies and accumulated operational experience will unlock cost efficiencies, eventually closing the gap with virgin plastics. The industry is developing technologies across the recycling process, from waste sorting to pre-treatment of waste.

“Our analysis shows that chemical recycling could become competitive with virgin production once cumulative global volume reaches 650 million metric tons of polyolefins recycled through pyrolysis, assuming a virgin price of €1,250 per metric ton and depending on gate fees and broader market conditions,” said Mark Porter, head of Bain & Company’s global Chemicals practice. “This would take at least 20 to 30 years and by then recycled plastic would account for approximately 20-30% of total plastic demand.” 

Getting to cost parity with marginal producers in Europe would require cumulative global capital expenditures of at minimum €400 billion in a base case, at a cumulative cost premium of approximately €270 billion. That premium includes the sum of price premiums that would be paid by customers, regulatory mechanisms, and margin investment by the value chain. 

“Moving the needle will require a systems approach with regulatory support. Once scale reaches critical mass, chemical recycling can transition from a subsidy-reliant push to a demand-driven pull. That inflection point could fundamentally shift the economics, turning chemical recycling into a competitive, market-driven solution,” said Porter.

The report outlines three strategies for plastics producers to become chemical recycling leaders.

First, companies need to proactively co-create offtake opportunities in close collaboration with value chain partners while setting themselves up for long-term advantage. Early movers can lock in premium waste streams and serve high-value customers, creating a virtuous cycle of scale and performance. These positions are hard to replicate once established.

Second, leading companies should actively engage with regulators on policy levers that are critical to their businesses and help to materialize them. Reframing public dialogue and perception around the role of plastics is equally important, highlighting both the performance benefits and the sustainability potential of plastics when managed responsibly.

Lastly, producers must be willing to be flexible and rewrite their playbooks. Leaders will experiment with new business models, novel sourcing strategies, and unconventional partnerships. That could mean forming 10-year offtake agreements with dynamic pricing mechanisms—the kind of creative moves that may be invisible from the outside but lay the groundwork for future advantage.

Media contact:
Ann Lee (Singapore) — ann.lee@bain.com
Gary Duncan (London) — gary.duncan@bain.com
Dan Pinkney (Boston) – dan.pinkney@bain.com

About Bain & Company

Bain & Company is a global consultancy that helps the world’s most ambitious change makers define the future.

Across 65 cities in 40 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today’s urgent challenges in education, racial equity, social justice, economic development, and the environment. We earned a platinum rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, putting us in the top 1% of all companies. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry.

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SOURCE Bain & Company

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Osstem Implant Accelerates Innovation in India with ‘Denall TV’, a Digital Dental Education Hub

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June 15, 2026

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Over the past two years since its launch in April 2024, Denall TV has become a core platform for digital dental education in India.Opened a dedicated Denall Studio in India in July 2025, strengthening live hands-on and professional training programs.Supporting the professional growth of clinicians through practical content, including ‘Master Courses’ and ‘Product Reviews’.

NEW DELHI and MUMBAI, India, June 15, 2026 /PRNewswire/ — Osstem Implant announced that its specialized dental education platform for the Indian market, ‘Denall TV’ (https://in.denall.com), is gaining significant traction among local practitioners, establishing itself as a vital hub for digital dental education in India.

 Building a Comprehensive Digital Clinical Education Environment

Since launching its first content in April 2024, Denall TV has continuously evolved to meet the needs of Indian clinicians. To provide more immersive and high-quality education, Osstem Implant established a dedicated Denall Studio in India in July 2025. This facility has enabled the creation of a systematic digital clinical education environment, overcoming geographical limitations for dentists across the country.

Providing High-Quality, Practice-Oriented Clinical Content

The platform focuses on promoting ‘Digital Dentistry’ through specialized ‘Digital Surgery’ education and providing accurate product information. Denall TV consistently uploads essential clinical content, including: Live Hands-on sessions, Practical Master Courses, Expert product reviews featuring items such as the T2 Plus and 122 Taper KIT, helping clinicians make informed decisions for their practices.

Strengthening Trust as a Strategic Education Partner

Professional clinical courses have become a major topic of interest among local medical professionals. Notably, the ‘Implant System Introduction’ lecture has surpassed 25,000 views, proving the platform’s high influence. This achievement signifies that Osstem Implant has successfully established itself as a trusted education partner in the Indian market, going beyond its role as a manufacturer.

Bridging Global Trends and Improving Educational Accessibility

Osstem Implant connects local practitioners with global academic networks. The platform provides timely content from global academic events such as the ‘2026 Osstem World Meeting in Bangkok’, sharing the latest implant trends and technological advancements with the Indian dental community. By offering online access, Denall TV effectively bridges the educational gap for dentists in regions where offline seminars are difficult to attend.

An official from Osstem Implant India stated, “Denall TV serves as a key bridge, delivering world-class clinical knowledge to local dentists. We will continue to strengthen our real-time interactive webinars to provide deeper clinical insights.” The official added, “We are committed to driving both the quantitative and qualitative growth of the Indian dental implant market through the continued provision of high-quality educational content.”

Moving forward, Osstem Implant plans to enhance its B2C PR strategies centered around the Denall TV platform and lead the popularization of digital dental treatment in India through close communication with local practitioners.

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View original content:https://www.prnewswire.com/in/news-releases/osstem-implant-accelerates-innovation-in-india-with-denall-tv-a-digital-dental-education-hub-302796515.html

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Avalara’s Bhumika Kenjale Receives Excellence in AI-Driven Tax Automation Solutions 2026 Award

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June 15, 2026

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Recognition honors leadership in AI-powered compliance innovation and contributions to the future of global tax automation

PUNE, India, June 15, 2026 /PRNewswire/ — Avalara, Inc., the agentic AI leader in global tax and compliance, is proud to announce that Bhumika Kenjale, Director of Indirect Tax, has been honored with the Excellence in AI-Driven Tax Automation Solutions 2026 award at the Bharat 2.0 Conclave. The award recognizes leaders driving AI-led transformation in tax and compliance through innovation, technical expertise, and strategic vision that is shaping the future of the industry.

“We are immensely proud of Bhumika and the impact she continues to have on the global tax and compliance landscape,” said Dulles Krishnan, General Manager of India Operations at Avalara. “Her ability to combine deep regulatory expertise with AI innovation reflects the very essence of Avalara’s mission. This recognition highlights her exceptional leadership and the meaningful contributions she has made for Avalara, our customers, and the broader tax and compliance community.”

Kenjale has been instrumental in building the AI-driven infrastructure that powers seamless global compliance. Under her leadership, Avalara’s India Tax Research and Technology Capability Centre has expanded significantly, operating on an AI-first model with advanced automation to deliver highly accurate tax content at scale.

She also serves as a global Co-Chair of Women of Avalara, Avalara’s employee resource group, championing opportunities for women in technology and ensuring the next generation of women see a clear path to technology leadership.

About Avalara
Avalara is the agentic AI platform for global tax and compliance. For more than two decades, Avalara has built one of the most expansive libraries of tax content and integrations in the industry, processing more than 54 billion transactions annually and supporting millions of businesses worldwide. The company’s purpose-built AI agents automate end-to-end compliance with greater precision, from tax calculations and return filings to exemption certificate management and beyond. For more information, visit Avalara.com.

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From Waste to Value: How Jereh Builds the Circular Ecosystem for Batteries

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June 15, 2026

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YANTAI, China, June 14, 2026 /PRNewswire/ — As electric vehicles and energy storage systems scale globally, a critical challenge has emerged: how to manage millions of batteries at the end of their life cycle.

The EU Battery Regulation and similar frameworks are imposing stricter mandates for recycled material content, carbon footprint disclosure, and end-of-life responsibility. Battery recycling has evolved from an environmental compliance duty to a strategic cornerstone of critical material security, supply chain resilience, and the energy transition.

One question remains: can compliant battery recycling be both sustainable and commercially viable?

For Jereh, the answer lies in its intelligent battery recycling demonstration facility in Zhengzhou, China. Since commissioning, the plant has processed more than 15,000 tons of raw feedstock, maintained a utilization rate above 80%, and achieved profitability within its first year of operation. Both the black mass recovery rate and purity exceed 98%, while copper and aluminum separation efficiency reaches up to 96%, underscoring the viability of industrial-scale battery recycling.

This facility served as the validation platform for Jereh’s Lithium Battery Recycling Equipment 1.0. Building on real-world operating data, Jereh has developed its next-generation Lithium Battery Recycling Equipment 2.0 and introduced its LFP Cathode Material Regeneration Solution, further enhancing the value recovery of end-of-life batteries.

The upgraded 2.0 equipment increases single-line annual capacity by 50% while improving operational safety, efficiency, and environmental performance. Meanwhile, the LFP regeneration solution reduces processing costs by 40% through a dry physical process, achieves up to 95% stripping efficiency, eliminates wastewater discharge, and cuts carbon emissions by around 60%.

Beyond technology development, Jereh is expanding its global battery recycling footprint through localized partnerships across South Korea, Australia, Hungary, and the United States. Following the successful 1.0 validation in Zhengzhou, the 2.0 equipment in Guangzhou and Chongqing is expected to commence operations in the coming weeks, with plans for further deployment in overseas markets. Recently, Jereh also signed an agreement with Witthal Gulf to jointly develop a benchmark lithium battery recycling project in Abu Dhabi. The project marks another milestone in Jereh’s efforts to support the development of sustainable battery recycling infrastructure worldwide.

Jereh also contributes to the development of battery recycling standards and safety frameworks, supporting a more mature and transparent recycling ecosystem. For Jereh, the goal is clear: transform retired batteries from waste into valuable resources and help close the loop across the global battery value chain.

View original content to download multimedia:https://www.prnewswire.com/news-releases/from-waste-to-value-how-jereh-builds-the-circular-ecosystem-for-batteries-302799938.html

SOURCE Jereh Group

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