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Our global roll-out plan and ambitions are supported by strategic and pro-active partnerships within the plastics value chain, including the petrochemical sector and waste management.
At the start of 2021, Mura aligned with KBR, a leading international provider of science, technology and engineering solutions, to support the global rollout of Hydro-PRT and the identification of new markets for the technology. KBR will provide engineering and technical services as well as equipment to develop sites for global clients.
In April 2021, Mura Technology announced its partnership with Dow, marking an important step in Dow’s commitment to advance a circular economy for plastics and keep plastic waste from entering the environment. Dow will play an important role as a global manufacturer of plastic, proving that Mura’s solution can meet both the sustainability and scaling needs of the industry.
In addition to investing in Mura, Dow will act as offtaker for some of the recycled hydrocarbon products produced at ReNew ELP, Mura’s first Hydro-PRT site to develop new, virgin-grade plastic for applications such as food packaging.
In December 2021, Mura partnered with CPChem, following an equity investment from their subsidiary, Six Pines Investments LLC. This new agreement constitutes a major development in the advanced recycling market as Mura aims to be the world’s largest producer of recycled hydrocarbons, whilst CPChem has the goal of manufacturing at least 500,000 tons per year of circular polyethylene by 2030.
Mura completed an equity investment from LG Chem, a leading global chemical producer, in January 2022. In addition to becoming a shareholder in Mura, LG Chem secured a licence for Mura’s advanced recycling technology via our licensing and engineering partner, KBR. Construction of this first waste plastic advanced recycling plant in South Korea using Mura’s hydrothermal process commenced on March 30th, 2023. A ground-breaking ceremony, held at the Seokmun National Industrial Park in Dangjin, south of Seoul, was attended by government officials and executives from Mura and LG Chem, including Mura’s CEO Dr Steve Mahon, LG Chem’s CEO Shin Hak-cheol and Head of Petrochemicals Noh Kug-lae.
Mura partnered with igus GmbH. in 2020 via a strategic investment to support roll-out of Mura’s Hydro-PRT process. The family-run company based in Cologne, Germany, are global leaders in developing and producing motion plastics and have sustainability at the core.