FWD Business

Startup introduces new recycling process; Turns Waste Plastic into Oil

RT company to make a major breakthrough through their machine

Words: FWD Media   Images: Various sources

A British company named Recycling Technologies (RT) has come up with a path-breaking experiment that turns waste plastic into oil. The company has created a machine for this purpose.

As reported by Bloomberg, RT is a company located in Swindon, southwest England 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. The waste plastic recycled through the machine can produce three types of oil. The three types of fuel produced include 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.

The process is based on a similar technique to that used for thermal 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.

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 functioning under lease by 2025.