Licella and BioLogiQ join forces to accelerate commercialisation of Cat-HTR™ technology in Australia, to chemically recycle post-consumption plastic that would otherwise not be recycled.
Australia consumes 3.4 million tonnes of plastic each year, of which only 9% is recycled1. Licella Holdings Ltd (“Licella”), global technology pioneer, is delighted to announce a partnership with BioLogiQ, Inc. (“BioLogiQ”), bioplastic innovators, to drive towards a circular economy for plastics by accelerating the commercialisation of Licella’s breakthrough Cat-HTR™ (‘Catalytic Hydrothermal Reactor’) chemical recycling solution.
Licella and Australian partner iQ Renew, with the support of BioLogiQ, will commercialise the Cat-HTR™ technology in Australia, while global partner Mura Technology (“Mura”) will be working alongside BioLogiQ to bring the Cat-HTR™ solution to China.
The Cat-HTR™ technology is able to recycle End-of-Life Plastics, which would otherwise be sent to landfill, back to the chemicals they originally came from. These chemicals can then be used to make new plastics, a truly circular solution for post-consumer plastic.