Date: 08th of Jan 2020Mura Technology Limited (“Mura”) is delighted to announce a partnership with BioLogiQ, Inc. (“BioLogiQ”) to drive towards a circular economy for plastics by accelerating the commercialisation of its breakthrough Cat-HTR (‘Catalytic Hydrothermal Reactor’) chemical recycling solution in China.
The Cat-HTR technology is able to recycle End-of-Life Plastics back to the oil they originally came from. This recycled oil can be refined into chemicals that can be used to make new plastics, creating a truly circular solution for all types of plastic.
According to Dr. Steve Mahon, CEO of Mura, “Mura and BioLogiQ have a shared vision for future in which plastics play positive economic, environmental, and social roles. Today, only a portion of plastic waste is mechanically recycled. The rest is landfilled, incinerated, and in the worst cases, finds its way into marine waterways and oceans. Meanwhile, we continue pumping fossil oil out of the ground to make new plastics. Our Cat-HTR plants will turn any plastic waste into synthetic oil that can be used to make new plastics, waxes and chemicals.”
BioLogiQ Founder and CEO, Brad LaPray, said of the partnership, “We believe the Cat-HTR technology has cracked the code of scalable, efficient and economical chemical recycling. This collaboration represents an investment in our future. BioLogiQ customers will know they are supporting a bioplastics company that is as seriously committed to recycling as they are themselves. By accelerating and supporting the commercialisation of chemical recycling, BioLogiQ takes another big step in its quest to make plastics better.”
Founded in 2011, BioLogiQ, Inc. of Idaho Falls, makes polymers from plants. It was established to create a useful plastic from the excess starch produced (and usually discarded) during potato processing. The company’s goal is to help build a world free of pollution caused by fossil fuel-based plastics. Its NuPlastiQ® BioPolymer blends with legacy resins to reduce fossil fuel-utilization and greenhouse gas emissions. Blends of NuPlastiQ and other polymers will maintain, or even enhance, the performance of both traditional plastics and biodegradable biopolymers. For more information, visit www.biologiq.com.
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