Licella Holdings (‘Licella’), Mura’s largest single shareholder, congratulate Mura Technology (‘Mura’), UK-based developer and licensee of their Cat-HTR™ platform, on announcing a global partnership with KBR, a leading international provider of science, technology and engineering solutions. The new partnership supports the global deployment of Licella’s commercial-ready Cat-HTR™ chemical recycling solution for post-consumer plastic waste.
Licella’s Catalytic Hydrothermal Reactor (Cat-HTR™) platform uses supercritical water to economically convert waste plastics, otherwise destined for landfill, into oil to produce fuels, chemicals and new plastics – helping to unlock a circular economy for all plastic.
Licella created the Cat-HTR™ platform technology alongside company Co-Founder and the Prime Minister’s Innovation Prize winner, Prof. Thomas Maschmeyer. The company has been strongly supported by the University of Sydney during its journey from start-up to global technology innovators.
Licella Co-Founder, CEO and Cat-HTR™ Co-Inventor, Dr Len Humphreys, commended Mura on their progress towards a global-roll out of Licella’s breakthrough technology.
“Licella are delighted by the news of the partnership between Mura and KBR, a truly world-class commercial partner. Through this global partnership, KBR demonstrate their confidence in both Mura and our Cat-HTR™ technology, as an environmentally responsible solution to transform plastic back into a valuable and reusable resource,” he said.
Complementing the KBR partnership, Mura retains the ability to develop its own operational recycling capacity, with the first Cat-HTR™ site currently in development at Teesside in North East England. On completion, the site will be able to process 80,000 tonnes of plastic waste per year.
Globally Mura plans to have a recycling capacity of 1 million tonnes of plastic waste in operation or development by 2025.
KBR’s position at the forefront of innovative, game-changing technologies offers Mura world-class development opportunities for the Cat-HTR™ platform within the global petrochemical sector.
The Mura announcement can be accessed here.
Download the Licella media release here.