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Licella establishes Cat-HTR Plastics and forms global JV with Armstrong Chemicals

Licella Pty Ltd has announced that it has formed Cat-HTR Plastics, a wholly owned subsidiary of Licella, to form a global joint venture (JV) with Armstrong Chemicals Ltd. The JV will build the world’s first commercial-scale hydrothermal upgrading plants for end-of-life plastic to chemicals and will come on line in 2018.

According to Licella, its proprietary Catalytic Hydrothermal Reactor (Cat-HTR) technology can use any form of ligno-cellulosic biomass feedstock to produce biocrude oil, which can then be refined to produce biofuels and biochemicals (photo courtesy Licella).

According to Licella, its proprietary Catalytic Hydrothermal Reactor (Cat-HTR) technology can use any form of ligno-cellulosic biomass feedstock to produce biocrude oil, which can then be refined to produce biofuels and biochemicals (photo courtesy Licella).

Licella Pty Ltd, an Australian developer of catalytic conversion technologies, has announced that it has formed Cat-HTR Plastics, a wholly owned subsidiary of Licella, to form a global joint venture (JV) with Armstrong Chemicals Ltd, a UK headed chemical major. The JV will build the world’s first commercial-scale hydrothermal upgrading plants for end-of-life plastic to chemicals and will come on line in 2018.

Licella, a subsidiary of Ignite Energy Resources (IER), has developed a unique “Catalytic Hydrothermal Reactor” (Cat-HTR) process to convert low-cost, non-edible, waste biomass into a stable bio-crude oil, which can be refined, in a conventional refinery, into next generation biofuels and renewable biochemicals.

Cat-HTR Plastics, a wholly owned subsidiary of Licella, has licensed the Cat-HTR technology to process end-of-life plastic to this new entity. In turn, Cat-HTR Plastics have signed an agreement to form a global JV with Armstrong Chemicals Ltd.

First commercial plant

The Cat-HTR Plastics and Armstrong Chemicals (JV) will build the world’s first commercial scale hydrothermal upgrading plant, utilising Licella’s patented Cat-HTR upgrading platform. Following a series of extensive and successful trials at Licella’s large pilot plant on the New South Wales (NSW) central coast in Australia, the new commercial-scale Cat-HTR plant will divert previously unusable end-of-life plastic from landfill and convert it into valuable chemicals, with the first plant due to come on line during 2018.

The JV will earn a licence fee and royalties from the projects, with plans for a global roll out.

 

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