Recycling Technologies manufacturing collaboration

Talius

24/03/2022 07:00

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RNS Number : 8389F  Recycling Technologies Group Ltd  24 March 2022

 

Sumitomo SHI FW and Recycling Technologies to collaborate on the development
of technology and manufacturing for recycling waste plastic

The companies proceed to explore bringing modular, small-scale plastics
recycling to the market

 

March 24, 2022 -- Sumitomo SHI FW (SFW), a global energy technology leader and
Recycling Technologies (RT), a chemical recycler of plastic have today
announced their collaboration on the development of technology and
manufacturing of RT's advanced waste plastic recycling machine, the RT7000.

RT's innovative technology, the RT7000, turns hard-to-recycle plastic such as
films, bags, laminated plastics into a hydrocarbon feedstock, called Plaxx®,
which can be used as a feedstock for new plastic production. The RT7000 is
modular and small-scale, designed to fit easily onto existing waste treatment
and recycling sites, providing a scalable solution to recycle waste plastic
anywhere in the world.

SFW has a long history of delivering complex energy technology solutions and
projects across the globe. SFW's energy solutions range from its world leading
CFB and gasification technologies to carbon capture, long duration energy
storage, and energy from waste technologies. To support the engineering,
fabrication, and delivery of energy projects worldwide, SFW has developed a
global delivery and manufacturing network, including its own manufacturing
workshops in Poland, China, Thailand, and the Nordics that are particularly
well suited to fabricating and assembling modular equipment to oil and gas
standards. This engineering, fabrication and assembly capability has more
recently been brought to bear in the development of a modular Energy from
Waste plant that SFW is bringing to market globally.

SFW and RT's collaboration includes the exploration of:

1. a manufacturing partnership between SFW and RT for the RT7000 that could
meet RT's ambition to mass produce about 200 machines per year by 2029.

2. harnessing the combined engineering expertise of SFW and RT to improve the
efficiency and increase the yields of the RT7000, lower its carbon footprint
to chemically recycle waste plastic and reduce manufacturing costs harnessing
SFW's engineering and manufacturing expertise in fluidized bed technology and
modular energy systems.

3. using SFW's global footprint to assist sales of the RT7000 globally, and

4. incorporating the RT7000 into SFW's waste to energy plant as an optional
value-added alternative to recover waste plastic streams, previously
incinerated.

"The global plastic production is predicted to increase to one billion tons
p.a. by 2050 and we believe that chemical recycling will have an important
role in making this more circular. The collaboration with RT supports SFW's
strategy to become part of this development and we are looking forward to
working with RT on these issues," said Frank Ligthart, Vice President,
Strategic Business Development, Waste to Value.

"This collaboration represents an important milestone in RT's strategy to mass
produce our RT7000s, reduce their manufacturing costs, improve their
efficiency and expand our global marketing and sales channels. These steps
will speed up our goal to make plastic more sustainable through innovation,
technology and determination," said Adrian Griffiths, CEO, Recycling
Technologies.

 

- Ends -

 

Notes to Editors

About Sumitomo SHI FW 

Sumitomo SHI FW (SFW) has been providing innovative energy solutions to our
customers for over 100 years. Our mission is to enable the energy transition
to a carbon-free future through decarbonization, decentralization and
digitalization. 

Our solutions expand from the world-leading circulating fluidized bed (CFB)
technology to long-duration energy storage (LDES), energy-from-waste (EfW),
waste-to-value(W2V), carbon capture and services for the global power and
industrial markets. Through co-creation, partnerships, and ecosystem
collaboration, SFW aims to accelerate the speed of decarbonization and create
more value for our customers. 

We are global energy experts with more than 1800 talented staff, across
multiple locations, covering the globe in North America, Europe, and Asia. 

For more information, please visit: Sumitomo SHI FW (shi-fw.com)
(https://www.shi-fw.com/)

Contact:

Janna Etchells

Head of Marketing and Communications

Sumitomo SHI FW

Phone: +358 442399471

Email: janna.etchells@shi-g.com

 

About Recycling Technologies

About Recycling Technologies UK-based Recycling Technologies Ltd is on a
mission to accelerate the evolution of plastic into a more sustainable
material. Currently, 88% of the plastic used in the world is either buried,
burned, or leaked into the environment. This means that the world recycles
only 12% of the plastic waste produced each year. Recycling Technologies, a
research, engineering, and manufacturing company, has developed innovative
technologies to turn hard-to-recycle plastic waste including polystyrene and
flexible packaging into feedstocks for new plastic production. Our first
commercial product, the RT7000, is modular and small-scale, designed to fit
easily onto existing waste treatment and recycling sites, providing a scalable
solution to recycle waste plastic anywhere in the world.

For further information, please visit: Recycling Technologies, a modular
solution for plastics recycling (https://recyclingtechnologies.co.uk/)

 

 

Contact:

Simon Eaton

Crofton Communications

Phone: +44 (0)7879617802

Email: simon.eaton@croftoncomms.com

 

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