Most of the things we buy, like food and cosmetics, come in disposable plastic packaging. Worldwide around 9% of the plastics we produce are recycled. Some of this plastic is recycled into durable goods, but a large portion is incinerated or landfilled and much of it washes out into the oceans. Pryme’s technology has the potential to end plastic landfilling and the contamination of the earth’s oceans and fresh water sources.
The PRYME solution: convert plastics into petro-chemicals
We can give plastics a circular future, making a substantial contribution to improving the state of the environment. The global production of plastics is 335 million tons annually (2016). More than 50% of this volume adds yearly to the stockpiles of non-recyclable plastic waste. Up to 55.5% of these non-recyclable waste plastics (PS, PE and PP) can be used in our factory.
Benefits of expanding plastics to petrochemicals
Our technology offers other important environmental benefits too, such as diverting valuable materials from landfills and transforming waste into an abundant source of circular plastics. Our technology can also process ocean plastics to naphtha. The plastic-to-chemicals technology also opens up the opportunity of reducing CO2 emissions up to 100% when compared to traditional forms of crude oil extraction. The Pryme strategy gives an extra impulse in moving towards a low CO2 economy as formulated during the COP 21 in Paris.