United States – In the USA, Texas-based Greenstar Recycling is planning to form a joint venture with Vadxx Energy, LLC to convert recovered plastic into synthetic crude oil. Using proprietary processes, Vadxx manufactures synthetic crude oil and natural gas by subjecting raw material feedstock consisting of petroleum-based plastics to thermal depolymerisation.
Greenstar chose Vadxx because of the company’s potential to scale to commercial size and capacity based on its continuous feed process, flexible design and expandable system.
‘Vadxx will help us recover plastics from the material stream and re-purpose them as feedstock for the production of oil,’ explains Greenstar’s CEO Matt Delnick. ‘This JV will help us better serve our municipal customers by providing a more consistent market value for their plastics that are otherwise largely unmarketable. It will increase recovery rates by pulling more plastics out of landfills.’
Last month, Greenstar’s rival Waste Management announced a partnership with Agilyx, another firm exploiting technology to convert plastics into oil.