Following the signing of the license agreement in June this year, Mitsubishi Chemical now announced that it had made a final investment decision on its first hydro PRT (hydrothermal plastic recycling technology) project in Japan.This is a popular chemical company. According to an announcement recently released by mura technology, a British chemical recycler developing the technology, and its exclusive licensing partner KBr, this new plant, which is also the first such plant in Japan, will be put into construction at Mitsubishi Chemical's Ibaraki plant. "This brings us closer to our common goal of a clean and green future," said Doug Kelly, President of KBr technology
In addition, the process provides a deliverable solution for Japan to achieve its goal of reducing disposable plastic waste by 25% by 2030.
Hydro PRT is a technology developed by mura. It is based on the use of supercritical water, so that mixed plastic waste can be recycled into raw materials for new plastics and other products.
This technology can deal with many types of plastics that cannot be recovered by traditional mechanical recovery processes. According to the company, these plastic wastes can be recycled infinitely through hydro pr. According to the company, these plastic wastes can be recycled indefinitely through hydro pr. In addition, the use of supercritical water makes the process inherently scalable, so that it can be effectively amplified when needed.
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In addition to the cooperation with Mitsubishi Chemical, mura and KBr are currently exploring other projects in Asia, the United States and Europe to supplement the global promotion of hydro PRT and achieve mura's goal of developing a recovery capacity of 1 million tons by 2025.
Steve Mahon, CEO of mura technology, said: "plastic waste is polluting our environment at an alarming rate, not to mention the carbon emissions caused by using fossil fuels to make raw plastics. We need global, sustainable and scalable solutions today. This is why we are taking an international approach - rapid expansion and meeting challenges. Our cooperation with KBr makes this global expansion possible, and we look forward to exploring new future projects with them in Europe and Asia in the coming months. "
The construction of the new plant is expected to be completed in 2023. The initial treatment capacity will be 20000 tons of plastic waste per year, although Mitsubishi Chemical is already studying the possibility of increasing production capacity in the future.
Initially, the goal of the project was to use post industrial plastics. However, as Japan produces about 9 million tons of plastic waste every year, Mitsubishi Chemical will seek to expand the scope of the project and use post consumer plastics as raw materials.
Shigeru Handa, chief operating officer of Mitsubishi Chemical in the field of basic materials, said: "we think this is an extremely important step forward. Mitsubishi Chemical will continue to study and implement circular economy solutions."
Mitsubishi Chemical Corporation is the core operating company of Mitsubishi Chemical holding group. It is striving to become kaiteki, which refers to "the sustainable well-being of mankind, society and the earth". In April 2020, Mitsubishi Chemical Corporation established the Ministry of circular economy, which is committed to promoting the realization of circular economy, making effective use of limited resources and achieving sustainability and growth. Mitsubishi Chemical's goal is not only to recycle industrial materials, but to transition to a carbon neutral society by controlling carbon dioxide emissions throughout the product life cycle.
