Brightmark Energy, a San Francisco, US-based renewable energy development company, has acquired a majority interest and invested US$10 million in a plastics-to-fuel technology company, RES Polyflow, while committing to an additional US$47 million investment in the first commercial-scale plant to utilise this technology, which will be located in Indiana, US.
RES Polyflow is an Ohio, US-based energy technology company that invented the process for converting plastics directly into transportation fuel and other products, on the creation of a platform for developing future plastics-to-fuel projects.
RES Polyflow’s plastics-to-fuel process recycles waste that has reached the end of its useful life – including items that cannot readily be recycled, like plastic film, flexible packing, and children’s toys – directly into useful products, like fuels and wax.
The facility will be located in Ashley, Indiana. It will convert 100 000 tpy of plastic waste into 18 million gal./yr of ultra-low sulfur diesel fuel and naphtha blend stocks and five million gal./yr of wax.
Brightmark Energy Chief Development Officer Zeina El-Azzi said: “This sustainable technology directly addresses an acute problem facing the United States: more than 91% of the 34.5 million t of plastic domestically produced each year is not recycled. These products end up sitting in landfills for thousands of years or littering communities and waterways. We’re excited to help bring an economically viable solution to the marketplace.”
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/12112018/brightmark-energy-announces-investment-in-plastics-to-fuel-plant/