Anellotech Receives Funds to Develop Plastic Recycling Technology from R Plus Japan
Anellotech has announced that R Plus Japan Ltd., a new joint venture company, will invest in the development of Anellotech’s cutting-edge Plas-TCat™ technology for recycling used plastics. Anellotech’s Plas- TCat chemical recycling technology uses a one-step thermal-catalytic process to convert single-use plastics directly into basic chemicals such as benzene, toluene, xylenes (BTX), ethylene, and propylene, which can then be used to make new plastics.
Reduced CO2 Emissions and Energy Consumption
The technology’s process efficiency has the potential to significantly reduce CO2 emissions and energy consumption. Once utilized across the industry, this technology will be able to more efficiently recycle single-use plastic, one of the world’s most urgent challenges.
Anellotech is leveraging and adapting its process technology for Plas-TCat™, which will convert mixed plastic waste feedstocks, including composite films and other difficult-to-recycle materials, at industrial scale into the same basic chemicals (aromatics and olefins) already used to make most virgin plastics, including PET.
“We believe this initiative by Anellotech and R Plus Japan, combining enabling Plas-TCat chemical recycling technology with the concerted efforts of committed supply chain players, illustrates the best model to aggregate and apply the required resources in amelioration of the problem of plastic waste”, says Anellotech CEO Dave Sudolsky. “Plas-TCat’s unique ability to directly produce basic chemicals (used today to make most virgin plastics) from mixed plastics waste, at large scale, represents an economically viable and impactful solution to the plastic waste problem. We are excited by the opportunities ahead and look forward to collaboration with R Plus Japan in tackling this challenge.”
Converting Plastic Waste into Chemical Components
“The significance of chemical recycling is its ability to transform and convert plastic waste into its original chemical components, to eventually produce new plastics. Turning used plastic into secondary, raw materials enables the sustainable use of resources for various industries across the plastics supply chain,” said Tsunehiko Yokoi, Chief Executive Officer of R Plus Japan.
“Through the development of this innovative technology, we hope to contribute to solving the global plastic waste issue, which has long been a challenge due to its difficulties in recycling. We’re very excited to work with our industry partners to move this important work forward.”
With the engagement of various industries throughout the value chain, from raw materials manufacturers, and packaging suppliers to beverages companies, the newly established R Plus Japan, together with Anellotech, will advance the development and commercialization of this eco-efficient plastic recycling technology by 2027.
» Publication Date: 02/07/2020