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Following a 6-month long competition, the Alliance to End Plastic Waste (AEPW) has selected Mura as one of the five finalists for the Alliance Prize from a field of over 60 entrants.
The final winner, who will be chosen in a pitching event on 29 November at the New York Stock Exchange, will scoop the $3m prize fund towards their chosen project.
Mura’s project is to develop a small-scale HydroPRSTM plant with process engineering partner, KBR, and will be an essential tool to evaluate waste plastic feedstock choices, support the plant’s operations and inform LCA for circularity and Net Zero analysis.
Developing this evaluation plant for waste plastic underpins the global scaling programme by:
The five finalists represent a range of mechanical and chemical recycling technologies, with Mura’s HydroPRSTM technology being the only thermal chemical recycling process in the final.
Mura Technology’s Chief Executive Officer, Steve Mahon, said: “We are absolutely delighted to be a finalist in this important competition. Through this initiative, the Alliance to End Plastic Waste is stimulating the best innovations to come forward and showcase how their solution can drive circularity and create impact at scale on waste plastic. Whilst winning will be a fantastic achievement, it’s clear that there are some such great ideas coming forward and we are excited to play our part to create system change”.
“Congratulations to all the companies making it to this stage and we look forward to an exciting event in New York at the end of November”.