Swiss start-up Plastogaz has found a new way to convert plastic waste into ‘high quality hydrocarbons’ thanks to its proprietary catalytic hydrocracking technology solution.
The ‘advanced’ recycling solution is hailed as a breakthrough for multi-layer and flexible plastics used in packaging. These are usually considered ‘unrecyclable’ and thus often end up being incinerated or landfilled.
In fact, plastic scrap has been called the ‘lost resource’. The World Economic Forum estimates this part of the urban mine could be worth as much as US$ 120 billion (EUR 112 billion) per year.
Platogaz is confident its technology will yield recycled material suitable for food-grade products, unlike with conventional recycling processes. The start-up notes that there is no limit to the number of times the same material may be recycled, meaning it has the potential to eliminate waste from single-use plastic.
Meanwhile, Plastogaz recently received backing from chemical company DOW, which wants to help it ‘recreate virgin-like plastics’. The collaboration is said to mark a milestone in Dow’s ongoing mission to close the loop on plastic waste.
‘We want to change the way the world thinks about plastics – not as something to throw away, but as a product that can be used over and over again, sustainably and without damaging our natural environment,’ comments Plastogaz founder Felix Bobbink.
‘If we want to make long lasting change, we need to work with like-minded and ambitious partners like Dow who have the potential to scale our technology.’
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