Better and cheaper plastic to oil pyrolysis from PolyCyc
PolyCycl's technology can solve to a major ecological threat, the plastic wastes
PolyCycl claims to convert plastic into fuel at a lower cost than other companies working on similar technologies.
PolyCycl wanted to ensure two things in order to make any meaningful impact in redirecting plastics from landfills to crude-extracting recycling plants - the extract should be useful, high-value industrial fuel and then the extraction cost should be kept low.
PolyCycl's next-generation, fully-continuous depolymerisation process reduces upfront capital cost by 50-75% and operational costs by up to 50%. Such reduction, coupled with the technology’s ability to generate market-ready, high value industrial distillates provides for robust conversion economics and project cashflows.
According to PolyCycl, the technology extracts 850 litres of petroleum fuel from one tonne of hydrocarbon-rich plastic waste.
It has sold fuel generated from its demonstration plant to several industrial customers, who in turn use it as blendstock in diesel-fired furnaces and boilers.
The company claims the high price of its diesel blendstock guarantees 50% gross margin.
The company have plans to license the technology to chemical firms and waste management companies. The other stream of revenue would be joint ventures with several other waste management companies to build and run plastic-to-fuel plants.
The linear consumption pattern of the fast-moving consumer goods industry sends goods worth $2.6 trillion to landfills every year. This calls for a ‘circular economy’, which is essentially the adoption of recycling across the global supply chain.
The technology converts non-recyclable waste plastics to HyFuelTM – a petroleum distillate having C5 - C24 carbon distribution and properties similar to the standard specification for Diesel Fuel Oils (ASTM D975).
The report explores the intersection of these two themes, for plastics and plastic packaging in particular: how can collaboration along the extended global plastic packaging production and after use value chain, as well as with governments and NGOs, achieve systemic change to overcome stalemates in today’s plastics economy in order to move to a more circular model?Learn more
This new report analyses the impact of advanced plastic recycling and recovery (APRR) facilities that transform post-use plastics into a range of products, including valuable feedstocks for new plastics and chemicals, other raw materials for manufacturing, and transportation fuels through processes such as pyrolysis and depolymerization, often referred to within the industry as chemical recycling.Learn more
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