Due to their widespread applications, the production and consumption of plastics have increased sharply and also brought about a lot of waste. However, only one-fourth of plastic solid waste is effectively recycled, and the rest is almost entirely disposed in landfills. In this article, high performance synthetic paper used for printing was successfully prepared from ultrahigh molecular weight polyethylene waste adopting thermally induced phase separation method. Silicon dioxide was added as filler and mineral oil was used as diluent. Whiteness, chemical resistance, tensile strength, thermal stability, surface morphology, and inkjet print of synthetic paper was investigated, respectively. It is indicated that the resulting synthetic paper possesses excellent printing effect. Its whiteness equally distributes around 80% and the highest tensile strength is up to 5.5 MPa. They also reveal good resistance to chemical corrosion and have good shape maintenance. As a result, the preparation of high performance synthetic paper for industrial applicability is expected to perform by recycling plastics waste.