Brightmark Energy invests in first commercial-scale plastics-to-fuel plant
In the United States (US), Brightmark Energy, LLC (Brightmark), a San Francisco based renewable energy development company, has announced that it has acquired a majority interest and invested U$10 million in a groundbreaking plastics-to-fuel technology company, RES Polyflow LLC. Brightmark is also committing to an additional US$47 million investment in the first commercial-scale plant in the US to utilize this technology and which will be located in Indiana.
According to a statement, Brightmark has partnered with RES Polyflow, the Ohio-based energy technology company that innovated the process for converting plastics directly into transportation fuel and other products, on the creation of a platform for developing future plastics-to-fuel projects.
This is a tremendous opportunity to combat a major environmental ill and create positive economic incentives in the process. We look forward to developing additional plastics conversion facilities both across the United States and globally over the next several years, said Bob Powell, President, and CEO of Brightmark Energy.
RES Polyflow’s plastics-to-fuel process sustainably recycles waste that has reached the end of its useful life – including items that cannot readily be recycled, like plastic film, flexible packing, and children’s toys – directly into useful products, like fuels and wax.
This sustainable technology directly addresses an acute problem facing the United States: more than 91 percent of the 34.5 million tons of plastic domestically produced each year is not recycled. These products end up sitting in landfills for thousands of years or littering communities and waterways. We’re excited to help bring an economically viable solution to the marketplace, said Zeina El-Azzi, Chief Development Officer, Brightmark Energy.
Commercial facility with offtake agreements
The facility will be located in Ashley, Indiana. It will convert 100 000 tonnes of plastic waste into 18 million (US) gallons (≈ 68.1 million litres) of ultra-low sulfur diesel fuel and naphtha blend stocks and five million gallons (≈18.9 million litres) of wax per year. A total of 136 full time manufacturing jobs will be created in Northeast Indiana when all phases of the facility are operational.
The RES Polyflow plastics-to-fuel process allows post-use plastics to be utilized in an environmentally friendly way, offering a productive end-of-life solution for this material. Simply attaching a positive and predictable market value to this segment of the waste stream incentivizes the use of materials that would otherwise end up in a landfill or as litter said Jay Schabel, President of Brightmark’s new plastics-to-fuel development subsidiary, BME Renewable Polyfuels.
As announced in March 2018, BP will purchase the fuels produced by the facility, which will be distributed in the regional petroleum market. The Ashley plant will also produce commercial grade waxes for sale to the industrial wax market, which will be purchased by AM WAX.