TEESSIDE, United Kingdom – (BUSINESS WIRE) – Today, Dow (NYSE: DOW), a global leader in materials science, and Mura Technology, the global pioneer in advanced plastics recycling solution, announced a partnership to help keep plastic waste out of the environment.
The collaboration will support the rapid scaling of Muras new HydroPRS ™ (Hydrothermal Plastic Recycling Solution) Advanced recycling process that aims to prevent plastic and carbon from entering the natural environment, while at the same time creating the raw materials for a sustainable, circular plastics economy. The deal marks an important step in Dow’s commitment Promote a circular economy for plastics and prevent plastic waste from entering the environment.
The partnership combines Dow’s materials science skills, global size and financial resources with Mura’s leading edge technology to create the circular raw materials that are then converted into recycled plastics that consumers and global brands are increasingly looking for.
Mura’s proprietary solution, HydroPRS ™, is a revolutionary, advanced recycling process that uses supercritical steam to convert plastics back into the chemicals and oils they were made from for use in new, virgin equivalent plastic products. HydroPRS ™ can recycle all types of plastics – including multilayer, flexible plastics for packaging, which are currently harder to recycle and are often incinerated or landfilled.
It is important that, unlike most conventional recycling processes, the plastics made with these recycled products should be suitable for use in packaging that comes into contact with food. With Mura’s process, there is no likely limit to the number of times that the same material can be recycled. This means that the plastics used once can be reduced considerably and the raw materials for a circular plastics economy can be produced. In addition, advanced recycling processes are expected to save around 1.5 tons of CO2 per ton of recycled plastic compared to incinerationI made of non-recycled plastics.
Dow will play an important role as a global plastics manufacturer, demonstrating that Mura’s solution can meet both sustainability and performance needs of the industry and that products made through HydroPRS ™ can be used on a large scale to make new plastics. The world’s first HydroPRS ™ facility is under development in Teesside, UK. The first line with 20,000 tons per year is expected to go into operation in 2022. Once all four lines are completed, Mura can recycle up to 80,000 tons of plastic waste per year to provide Dow with materials made by the process. Dow will use these materials to develop new plastic into virgin material for applications like food packaging and other packaging products to be fed back into global supply chains, creating a true circular plastics economy.
Carsten Larsen, Commercial Director Plastic Circularity EMEA & APAC, Dow Packaging and Specialty Plastics, commented: “We are pleased to offer our investment and expertise to support the development of this truly groundbreaking recycling process. We are determined to make real change to stop plastic from going to waste and accelerate steps towards a circular economy. We know that achieving this goal will require great innovation and investment, and we cannot do it alone. This is why our partnership with Mura is so exciting and we believe it will be an important pillar of our future recycling strategy. “
Dr. Steve Mahon, CEO of Mura Technology said: “Plastic pollution is a global challenge and our goal is to tackle it directly by reclaiming millions of tons of plastic waste every year and reusing it as a valuable resource for the world’s biggest brands.
“We’re changing the way the world thinks about plastics – not as something that has to be thrown away, but as a product that can be used over and over again without harming 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 an enormous economic opportunity – according to the World Economic Forum with a value of up to 120 billion US dollars per yearii. Global plastics production also generates an estimated 390 million tons of CO2 each yeariii – corresponds to over 172 million carsiv. While plastics production now accounts for about 6 percent of global oil consumption, by using technologies that can recycle all plastics and creating the ingredients for a circular plastics economy, advanced recycling can reduce the chemical industry’s oil consumption. Mura offers the prospect of a drastic reduction in global plastic waste and the associated emissions.
To reduce global plastic waste, Mura has developed its business model for rapid global delivery and is building a global network of partners. Dow is partnering with 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 world leader in industrial plastics accelerate the use of Mura’s technology worldwide. Mura’s HydroPRS ™ process leverages Cat HTR ™ technology, which was developed and owned by Licella Holdings Limited, New South Wales, Australia.
In addition to its first plant in the UK, Mura has identified development opportunities in Germany and the USA as part of a rapid global rollout, where it will develop new recycling plants in both countries over the next five years by 2025, one million tons of recycling capacity will be developed worldwide. The partnership with Dow will be a key driver of this goal. Mura continues to raise funds to drive further expansion and is in talks with a number of global investors.
The partnership announced today is yet another example of how Dow is working with partners to fuel breakthrough advanced recycling technologies and drive breakthrough innovations that prevent plastic waste from getting into the environment. In 2019 Dow announced a partnership with Fuenix Delivering raw materials from recycled plastic waste. Partnering with Mura is another step in Dow’s efforts to meet the recently announced sustainability goals to address both climate change and climate change Plastic garbage.
Dow (NYSE: DOW) combines global breadth, integration and scaling of assets, focused innovation and leading business positions to drive profitable growth. The company’s goal is to become the most innovative, customer-oriented, comprehensive and sustainable materials science company, with the aim of creating a sustainable future for the world through our materials science know-how and cooperation with our partners. Dow’s portfolio of plastics, industrial intermediates, coatings, polyurethanes and silicones offers customers a wide range of differentiated science-based products and solutions in high-growth market segments such as packaging, infrastructure, mobility and consumer care. Dow operates 106 manufacturing facilities in 31 countries and employs around 35,700 people. Dow had sales of approximately $ 39 billion 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 the Mura technology
Mura Technology’s mission is to eradicate 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 to convert a lost $ 80 billion resource of plastic waste into a valuable global good. Our technology can recycle all plastic waste and produce the ingredients for brand new products, reducing the need for new fossil fuel plastics.
We are partnering with the largest global brands to scale globally and promote a sustainable plastics economy over the next decade. Our plan is to have a capacity for 1,000,000 tons of plastics recycling in operation or development by 2025.
The company is based in London, UK. visit http://www.muratechnology.com/
References and links
Idependent analysis by CE Delft, the independent research and consulting organization specializing in developing innovative solutions to environmental problems.
ii WEF – The new plastics industry: Rethinking the future of plastics
iii The Ellen McArthur Foundation – The new plastics economy: catalytic effect