- Neste will convert ISCC PLUS accredited products from Mura's Teesside site into new plastic feedstock.
- Operations at the Teesside site are set to commence mid-2024.
- The HydroPRS™ process uses supercritical water for recycling.
- HydroPRS™ can process contaminated and mixed plastics into high yields of hydrocarbons.
Offtake Agreement
Mura Technology has signed a product offtake agreement with Neste. Neste will convert ISCC PLUS accredited products from Mura’s first commercial-scale site in Teesside, Northeast England, into feedstock for new plastics, reducing the need for fossil resources. The Teesside site is expected to begin operations in mid-2024.
Previous Agreements
This agreement follows a previously announced offtake agreement with Dow, a major global plastics manufacturer.
HydroPRS™ Process
Mura Technology's HydroPRS™ process uses supercritical water, which operates under elevated pressure and temperature, to recycle plastic waste. This method is distinct from other advanced recycling processes like pyrolysis and ensures efficient and scalable conversion of plastic waste into hydrocarbons.
Recycling Capabilities
HydroPRS™ can process contaminated and mixed plastics, such as flexible and rigid food packaging, resulting in high yields of hydrocarbon products. These can be used to manufacture virgin-quality, recycled plastics. The process allows for unlimited recycling of the same material, significantly reducing the need for fossil resources in plastic production and enhancing material circularity in the plastics industry.
Environmental Impact
The European Commission’s Joint Research Centre (JRC) has benchmarked Mura’s HydroPRS™ process as best in class, with a carbon footprint approximately 50% lower than two pyrolysis technologies. This helps end customers meet their Net Zero targets.
