Mura and KBR Partner to Chemically Recycle Plastic Waste into New Products
Mura Technology, the licensee of Licella’s Cat-HTR™ platform, has announced a global partnership with KBR. The new partnership supports the global deployment of Licella’s commercial-ready Cat-HTR™ chemical recycling solution for post-consumer plastic waste.
Economical Recycling of Waste Plastics
Licella’s Catalytic Hydrothermal Reactor (Cat-HTR™) platform uses supercritical water to economically convert waste plastics, otherwise destined for landfill, into oil to produce fuels, chemicals and new plastics – helping to unlock a circular economy for all plastic.
Licella created the Cat-HTR™ platform technology alongside company Co-Founder and the Prime Minister’s Innovation Prize winner, Prof. Thomas Maschmeyer. The company has been strongly supported by the University of Sydney during its journey from start-up to global technology innovators.
Licella Co-Founder, CEO and Cat-HTR™ Co-Inventor, Dr Len Humphreys, commended Mura on their progress towards a global-roll out of Licella’s breakthrough technology.
The Partnership between Mura and KBR
“Licella are delighted by the news of the partnership between Mura and KBR, a truly world-class commercial partner. Through this global partnership, KBR demonstrate their confidence in both Mura and our Cat-HTR™ technology, as an environmentally responsible solution to transform plastic back into a valuable and reusable resource,” Humphreys said.
Complementing the KBR partnership, Mura retains the ability to develop its own operational recycling capacity, with the first Cat-HTR™ site currently in development at Teesside in North East England. On completion, the site will be able to process 80,000 tons of plastic waste per year.
Globally Mura plans to have a recycling capacity of 1 million tons of plastic waste in operation or development by 2025.
KBR’s position at the forefront of innovative, game-changing technologies offers Mura world-class development opportunities for the Cat-HTR™ platform within the global petrochemical sector.