A plastic recycling system and method thereof is provided, wherein one or more plastic products are contained in a reaction unit and heated by an electric heating unit which converts electrical energy into thermal energy. The one or more plastic products in the reaction unit are decomposed to produce one or more decomposed product in gas phase through a decomposition reaction, such as pyrolysis reaction, to form one or more gaseous fuel products which are condensed into one or more liquid phase fuel products by a condensation unit.