Of course it makes sense. Plastic is cheap, light, watertight, strong, and mallable.
It's kind of a miracle material, except that it's too stable. If we had a version that decomposed in a year, it would be awesome.
I've successfully run "compostable" plastic through the dishwasher several times and haven't seen any sign of decay. The county I live in offers composting service and begs people to please not put "compostable" plastic in it.
https://quantafuel.com/ | https://newsweb.oslobors.no/message/513575
80% (by weight) recovery into high quality liquids (eg.: nafta). They claim the majority of the energy used by the process comes from the remaining 20%.
The acceptable input is mostly PP and PE, the two most commonly used plastics (at least for packaging). A special catalysator is used to remove additives like chlorine.