Towards a Structured Framework for Techno‐Economic Analyses of Chemical Recycling Technologies

Abstract

The role of chemical recycling (CR) as a valuable complementary strategy to mechanical recycling in closing the carbon cycle for carbon‐containing waste is currently being discussed in political, economic, and social spheres. However, CR deployment is hindered by uncertainties regarding its environmental impacts and costs compared to conventional waste treatment and chemical production routes. While methods for assessing CR's environmental impacts are the focus of socio‐political debates and investigations, techno‐economic analyses (TEA) to evaluate costs of CR remain scarce. To contribute to a standardized framework for assessing the economic viability of CR technologies, this article draws on life cycle assessment and TEA literature to develop a six‐stage TEA process for CR. A checklist is also presented to support transparent and comprehensive analyses.