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According to the ICIS-MRC website in Moscow on August 17, according to a press release issued by Mitsubishi Chemical, a major Japanese petrochemical producer, on August 12, the company has announced plans to use Mura technology and KBR.
Licensed technology to develop its first chemical recycling project
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The project will be built at Mitsubishi's Ibaraki plant in Japan, which can recycle 20,000 tons of plastic waste annually
.
The company expects to be completed in 2023
The announcement was made after the signing of a registered trademark HydroPRS process license agreement with British chemical recycler Mura Technology and American engineering company KBR on June 16
The plastics industry increasingly sees chemical recycling as a viable alternative to mechanical recycling because it allows plastic waste that was previously landfilled or incinerated to be recycled without degradation
Mitsubishi said it will seek in the future to expand plant capacity, because Mura stressed HydroPRS technology has "inherent scalability"