New Recycling Process Turns Waste Plastic Into OilRather than dumping waste plastic into our oceans, Recycling Technologies created a machine that turns it into oil usable as fuel.

ByMatthew Humphries

This story originally appeared onPCMag

Recycling Technologies

世界正面临越来越多的环境问题m with plastic, which is slowly filling up our oceans. Only a very small percentage of waste plastic gets recycled, and while acaterpillar may helpin the long term, we really need a quick fix to responsibly deal with the material. That fix looks likely to come from a British company calledRecycling Technologies(RT).

As reported byBloomberg, RT位于英格兰西南部的斯文顿where it is run by CEO Adrian Griffiths. He and his 22-strong team have managed to create a refinery machine called the RT7000 for dealing with all types of waste plastic. You put plastic in one end and three types of oil can be produced out the other.

The process is based on a similar technique to that used forthermal cracking. The plastic is first cleaned of any foreign objects such as dirt or food, then it is heated to 500 degrees Celsius (932 degrees Fahrenheit) using "hot sand-like particles." This breaks down the carbon bonds in the plastic and turns it into a vapor. The components that make up the plastic have different boiling points, allowing the three different products to be created.

In the most simple terms, crude oil to plastic conversion creates very long hydrocarbons. The RT refinery makes those hydrocarbons short again. The oil produced is called Plaxx. In terms of production, for every 7,000 tons of plastic put in you get 5,000 tons of Plaxx, with one machine located in Scotland expected to achieve that output per year.

The three types of fuel produced include a light yellow oil suitable for petrochemical companies, a candle wax-like oil ideal for use by ship engines and a very thick brown wax oil that can be used for shoe polishing and cosmetics.

An RT7000 machine is about the size of a tennis court and can be installed anywhere there is a need (transporting it required just five shipping containers). It costs roughly $3.8 million to install and then a further $647,000 a year to run. However, RT claims each machine generates revenue of $2.2 million, suggesting it pays for itself within three years.

With the RT7000 proven to work and be cost effective, Griffiths wants to have 100 of the machines operational under lease by 2025.

Matthew Humphries

Senior Editor

Related Topics

Business News

'Not Much Financial Education' — Yet Millennials Have Boomers and Gen X Beat When It Comes to Retirement Savings. Here's Why.

Millennials might own fewer homes and make less money — but they're on track for a better retirement.

Business News

The AI Job Market Is Surging and Paying Up to $300K a Year. Here's How to Snag a Role.

According to a new LinkedIn report, AI jobs can be found in a wide range of fields.

Leadership

Introverts Who Use This Secret Weapon Can Be More Powerful Than Extroverts in the Workplace

Less extroverted colleagues are often misunderstood and underestimated — but their talent for one thing in particular sets them up for success.

Business News

'Earth Shaking News': Fans Rejoice Over the Return of 'Retired' McDonald's Cult-Favorite Item

The McRib last appeared on menus in 2022 during the company's self-proclaimed "farewell tour" for the sandwich.

Business News

You Can Now Have an Uber Driver Ship Pre-Paid Packages to UPS, FedEx for a $5 Flat Fee

Rejoice, lazy returners of the online shopping world.

Business News

'It's Getting Worse By the Week': Kevin O'Leary Issues Grave Warning About Commercial Real Estate Industry

The "Shark Tank" star spoke to impending devaluation of stocks in the industry on FOX Business' "Varney & Co."