Advanced plastic recycling firm Mura and leading chemicals giant Dow have announced they plan to work together to construct multiple large-scale recycling facilities in the US and Europe.
Under the terms of the partnership, which was unveiled late last week, Dow will purchase the “circular feed” that Mura produces at the sites, with a view to then using it to produce a recycled plastic feedstock for the development of new, virgin- grade plastics.
The deal is an extension of an existing partnership between the two firms centerd on the UK. The world’s first plant using Mura’s trademarked recycling process is expected to be operational in Teesside in 2023, supplying 20 kilotons (KT) of recycled feedstock for Dow annually.
They said they intended to add as much as 600KT of annual capacity through the expansion of the pipeline of new projects, with each plant earmarked to produce 120KT annually.
Mura’s recycling process breaks down plastics into the chemicals and oils it was originally made from in as little as 25 minutes using water at high pressure in the form of ‘supercritical steam’, according to the firms.
Mura said the new deal marked an important milestone in the rapid scaling of its advanced recycling process, dubbed Hydrothermal Plastic Recycling Solution, which can be used to recycle all forms of plastic, including flexible and multi-layer plastics that have proven resistant to traditional plastic recycling technologies.
“The global plastics issue is one of the most pressing environmental issues to date – there is simply no time to waste,” said Steve Mahon, CEO of Mura Technology. “Mura’s technology is designed to champion a global circular plastics economy, and our partnership with Dow is a key enabler to bring HydroPRS to every corner of the globe. This next step in our partnership and the resources provided by Dow will allow us to finance and Increase recycling capacity and enable circular plastics to enter global supply chains at scale.”
The companies said the funds they intend to invest in the new projects marked their largest commitment to date in advanced recycling capabilities, respectively.
Marc van den Biggelaar, advanced recycling director for Dow, said the agreement would help advance a circular economy and increase the value of plastic waste.
“By investing in new applications, Dow is working to meet the increased demand for recycled material from its customers and make a meaningful impact on the supply chain, helping to close the loop on plastic waste,” he said. “Dow is committed to accelerating a circular economy for plastics and our expanded partnership with Mura marks a significant step on this journey. As a long-term partner, we are excited about the potential of this process to recycle plastics and help solve the plastic waste challenge.”