High quality methylal from non-recyclable plastic waste by an improved Catalytic Hydro-Gasification Plasma(CHGP) processUK chemical recycling company receives EUR 10m investment from Neste and Mirova
UK chemical recycling company receives EUR 10m investment from Neste and MirovaNeste is backing Recycling Technologies with a EUR 5m investment (Photo: Neste)Recycling Technologies (Swindon / UK; www.recyclingtechnologies.co.uk) plans to start manufacturing its first commercial ???RT7000??? machine in Scotland, following a EUR 10m investment. The Swindon-based firm has a patented system to convert plastics waste into chemical feedstock, which is then turned into plastics from ???Plaxx??? oil. The UK company received EUR 5m each from Neste (Espoo / Finland; www.neste.com) and investment gorup Mirova, an affiliate of Natixis Investment Managers (Paris / France; www.im.natixis.com).
The UK company has yet to confirm when production of the RT7000 will begin. The machines feature a thermal cracker, a regenerator, Plaxx and light gas distillation modules as well as a flue gas treatment module. Neste has also signed a joint technology development agreement with Recycling Technologies with a view to speeding up the roll-out of chemical recycling capacity in Europe.
In December 2019, Recycling Technologies signed a partnership agreement with French energy group Total (Paris; www.total.com) and major consumer brands Nestl? (Vevey / Switzerland; www.nestle.com) and Mars (McLean, Virginia / USA; www.mars.com) to test the feasibility of its proprietary pyrolysis-based recycling process ??? see Plasteurope.com of 17.12.2019.13.03.2020 Plasteurope.com [244710-0]
The UK company has yet to confirm when production of the RT7000 will begin. The machines feature a thermal cracker, a regenerator, Plaxx and light gas distillation modules as well as a flue gas treatment module. Neste has also signed a joint technology development agreement with Recycling Technologies with a view to speeding up the roll-out of chemical recycling capacity in Europe.
In December 2019, Recycling Technologies signed a partnership agreement with French energy group Total (Paris; www.total.com) and major consumer brands Nestl? (Vevey / Switzerland; www.nestle.com) and Mars (McLean, Virginia / USA; www.mars.com) to test the feasibility of its proprietary pyrolysis-based recycling process ??? see Plasteurope.com of 17.12.2019.13.03.2020 Plasteurope.com [244710-0]
» Publication Date: 13/03/2020
