By Philip Blenkinsop

BRUSSELS (Reuters) -ExxonMobil is pausing 100 million euros ($118.4 million) of investment in European plastic recycling because of draft EU rules that determine the recycled content in a final product.

The U.S. energy producer has two projects for chemical recycling at existing plants in Rotterdam and Antwerp to process 80,000 metric tons of plastic waste per year.

However, Senior Vice President Jack Williams told Reuters in an interview the two projects had now been paused because of the draft EU rules he said discriminated against using existing petrochemicals sites versus standalone facilities.

“Everything else is on track. We’ve had local support,” he said. “We want to make these investments… The only thing standing between us and doing this project is EU poli

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