Posted 41 minutes ago
Proposed by DOW
- The technology can recycle all forms of plastic, including the multi-layered and flexible plastics often used in food packaging.
- Dow will play a central role in Mura’s global deployment of 1 million metric tonnes of recycling capacity by 2025.
- Dow will receive supplies of recycled raw materials made from plastic waste from Mura’s first plant of its kind in Teesside, UK, supplying leading brands around the world with sustainable plastic products.
- Future Mura sites are planned in the United States, Germany and Asia as Mura’s global deployment accelerates.
TEESSIDE, England, April 22, 2021 / CSRwire / – Today, Dow (NYSE: DOW), a global leader in materials science, and Mura Technology, the global pioneer of an advanced plastic recycling solution, announced a partnership to help prevent plastic waste from the environment.
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The collaboration will support the rapid scale-up of the new HydroPRS ™ (Hydrothermal Plastic Recycling Solution) advanced recycling process aimed at preventing plastic and carbon from entering the natural environment while creating the raw materials for a sustainable and circular plastics economy. The agreement marks an important step in Dow’s commitment to advance a circular economy for plastics and prevent plastic waste from entering the environment.
The partnership combines Dow’s materials science capabilities, global scale, and financial resources with Mura’s cutting-edge technology, to produce the circular raw materials that are then converted into the recycled plastics that consumers and global brands are looking for. more and more.
Mura’s proprietary solution, HydroPRS ™, is a revolutionary advanced recycling process that uses supercritical steam to convert plastics back to the chemicals and oils from which they were made, for use in new plastic products equivalent to the Virgin. HydroPRS ™ can recycle all forms of plastic – including the flexible, multi-layered plastics used in packaging, which are currently more difficult to recycle and often incinerated or sent to landfill.
It is important to note that plastics produced from these recycled products should be suitable for use in food contact packaging, unlike most conventional recycling processes. With the Mura process, there is no anticipated limit to the number of times the same material can be recycled – meaning it has the potential to drastically reduce the plastics used once and make the ingredients raw. for a circular economy in plastics. In addition, advanced recycling processes are expected to save around 1.5 tonnes of CO2 per tonne of recycled plastic, compared to incinerationi of non-recycled plastics.
Dow will play an important role as a global manufacturer of plastics, proving that Mura’s solution can meet both the durability and performance needs of the industry and that products made through HydroPRS ™ can be used on a large scale for manufacture new plastics. The world’s first plant using HydroPRS ™ is under development in Teesside, UK, with the first 20,000 tonnes per year line expected to be operational in 2022. Once all four lines are completed, Mura will be able to recycle up to ‘to 80,000 tonnes of plastic waste. per year, by supplying Dow with the materials produced by the process. Dow will use these materials to develop new, virgin-grade plastics for applications such as food packaging and other packaging products that will be recycled into global supply chains, creating a true circular plastics economy.
Carsten Larsen, Commercial Director Plastic Circularity EMEA and APAC, Dow Packaging and Specialty Plastics commented: “We are delighted to offer our investment and expertise to support the development of this truly revolutionary recycling process. We are committed to embracing real change to prevent plastic from going to waste and accelerate movements towards a more circular economy. We know that achieving this goal will require major innovation and investment, and we cannot do it alone. This is why our partnership with Mura is so exciting and why we believe it will be a key pillar of our recycling strategy going forward.
Dr Steve Mahon, CEO of Mura Technology, said: “Plastic pollution is a global challenge and our goal is to tackle it head-on by collecting millions of tonnes of plastic waste each year and putting it back to work as a valuable resource for the world’s biggest brands.
“We are changing the way the world views plastics – not as something to throw away, but as a product that can be used over and over again, and in a sustainable way, without damaging our natural environment. Our partnership with Dow will help make this a reality for global brands and create a circular plastics economy around the world over the next decade. “
This “lost resource” of plastic waste is a huge economic opportunity – valued at $ 120 billion per year according to the World Economic Forumii. Global plastic production also creates around 390 million tonnes of CO2 each yearii, the equivalent of over 172 million carsiv. While plastic production today accounts for around 6% of global oil consumption, by deploying technology that can recycle all plastics and create the ingredients for a circular plastics economy, advanced recycling can reduce waste. use of petroleum by the chemical industry. Mura offers the prospect of dramatically reducing global plastic waste and the associated emissions attributed to such waste.
To reduce global plastic waste, Mura designed its business model for rapid global deployment and built a global network of partners. Dow joins other major global players such as KBR Inc., a US-based multinational engineering services company, Wood, a global consulting and engineering company, and Igus GmbH, a global leader in industrial plastics , as partners to accelerate the deployment of Mura’s technology globally. Mura’s HydroPRS ™ process is based on Cat-HTR ™ technology, which was developed and owned by Licella Holdings Limited, New South Wales, Australia.
Along with its first plant in the UK, Mura has identified development opportunities in Germany and the US – where it will develop new recycling plants in both countries over the next five years – and in Asian markets, as part of a rapid global deployment that will see one million tonnes of recycling capacity developing worldwide by 2025. The partnership with Dow will be a key driver of this goal. Mura continues to raise funds to boost its expansion and is in talks with a range of global investors.
The partnership announced today is another example of how Dow is working with partners to build momentum around advanced and breakthrough recycling technologies and to spur breakthrough innovations that keep plastic waste from entering the environment. In 2019, Dow announced a partnership with Fuenix to provide a raw material from recycled plastic waste. The partnership with Mura represents a further step in Dow’s efforts to meet its recently announced sustainability goals to fight against Plastic waste.
Dow (NYSE: DOW) combines global reach, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The company’s ambition is to become the most innovative, customer-centric, inclusive and sustainable materials science company with the aim of creating a sustainable future for the world through our materials science expertise and our collaboration with our partners. Dow’s portfolio of plastics, industrial intermediates, coatings, polyurethanes and silicones offers a wide range of differentiated scientific products and solutions for customers in high growth market segments, such as packaging, infrastructure, mobility and consumer care. Dow operates 106 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow had approximately $ 39 billion in sales in 2020. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.
About Mura Technology
Mura Technology’s mission is to eliminate global plastic pollution and create sustainable societies.
We are pioneering a globally scalable technology to prevent millions of tons of plastic and carbon from entering our natural environment each year and turn an $ 80 billion lost resource of plastic waste into a global product. precious. Our technology can recycle all plastic waste and produce the ingredients for new products, reducing the need for new and fossil fuel-derived plastics.
We partner with the world’s leading brands to scale the world and fuel a sustainable plastics economy over the next decade. Our plan is to have 1,000,000 tonnes of plastic recycling capacity in operation or in development by 2025.
The company is based in London, UK. Visit http://www.muratechnology.com/
References and links
I dependent analysis by CE Delft, the independent research and consultancy organization specializing in the development of innovative solutions to environmental problems.
ii WEF – The New Plastics Economy: Rethinking the Future of Plastics
iii The Ellen McArthur Foundation – the new plastics economy: catalyzing action
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