[ Plastic Machinery Network Market Overview
] News and interest in chemical recycling are spreading globally. This includes Australia, which consumes 3.4 million tons of plastic annually, of which only 9% is recycled. Licella Holdings announced on January 8 a partnership with bioplastic innovator BioLogiQ. Accelerate the plastic recycling economy by commercializing Licella's breakthrough Catalytic Hydrothermal Reactor (Cat-HTR) chemical recovery solution.
With the support of BioLogiQ, Licella and Australian partner iQ Renew will commercialize Cat-HTR technology in Australia, while global partner Mura Technology will work with BioLogiQ to introduce Cat-HTR solutions to China.
Cat-HTR technology is able to recycle the plastics that are at the end of their useful life and will be sent to landfills to return them to their original chemical composition. These chemical components can be reconstituted into new plastics as the true post-consumer plastic Recycling solution.
Licella CEO Len Humphreys said, "By creating a recycling solution for all plastics, we can use a large amount of plastic in circulation as a resource, prevent plastics from leaking into the natural environment, reduce our demand for fossil oil, and significantly reduce carbon emission."
Chemical recovery supports established waste grades and significantly reduces carbon emissions compared to the conversion of waste to energy (incineration). In fact, the use of the Cat-HTR process to convert waste polyethylene into liquid hydrocarbon products creates 80-100% more value than waste-to-energy technology and reduces carbon dioxide emissions by 45%.
Unlike pyrolysis and other technologies, Cat-HTR technology can recycle end-of-life plastic mixtures, including soft plastics such as PP, PS, LDPE
, and multilayer soft plastic packaging without the need to classify plastics into a single stream. This process flexibility increases the total amount of recyclable plastic, which improves process economics. The Cat-HTR process produces high yields of oil from plastics-about 85%, and the rest can be recovered as gas to power the process.
Commenting on this partnership, Brad LaPray, founder and CEO of BioLogiQ, said: "We believe that Cat-HTR technology has cracked the password for scalable, efficient and economical chemical recovery. This partnership represents a Our future investment. BioLogiQ customers will know that they support a bioplastics company that is as committed to recycling as themselves. By accelerating and supporting the commercialization of chemical recycling, BioLogiQ is seeking to make plastics better Another step in the process. "
Through chemical recovery, Licella can recover and recycle almost all plastics used today, including plastics with renewable raw material ingredients. In Australia alone, there are 20 to 30 commercial-scale Cat-HTR plants.
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