In a world where 8m tonnes of plastic waste enter our oceans every year, Recycling Technologies has developed an innovative machine to recycle plastic in a commercially attractive way. The machine is designed to turn plastic back into the oil it originally came from, for it to become plastic again.
Plastic is fantastic, used everyday, everywhere in our lives. However, when plastic packaging becomes waste just 10% is recycled; the rest is landfilled, incinerated or lost in our environment and our oceans. With demand for plastic expected to double in twenty years, the need to rapidly increase plastic recycling capability is urgent.
Recycling Technologies has developed and patented a machine, the RT7000, that chemically recycles plastic waste back into oil, Plaxx®. This is a petroleum raw material that can be used in new plastics production, as well as chemical feedstock & waxes. The RT7000 is designed to recycle hard-to-recycle plastics like crisps packets, black food trays etc.
Waste site operators and local councils are crying out for attractive alternatives to the landfilling and incineration of mixed plastics, which cost them today over £80 per tonne. The RT7000 is designed to fit into recycling centres and enables their operators to turn this plastic waste liability into a product, Plaxx®, which has a value of c.£300 per tonne in the marketplace.
RT7000 is modular and will be mass-produced, enabling a rapid roll-out anywhere in the world. Starting with the 1st commercial RT7000 in Scotland this year - part-funded by the Scottish government - within a decade the company plans to install capacity to recycle 10 million tonnes of plastic annually, 3 times EU’s capacity today.