Physical + Chemical Recycling = Recovering more plastic than ever before
iQ Renew is one of the first companies in the world to combine physical and chemical recycling, giving us the ability to recycle virtually all plastic locally. For the first time, Australia will have the ability to recycle residual or End-of-Life Plastic, currently sent to landfill with the breakthrough Cat-HTR™ chemical recycling platform.
A sustainable, local & breakthrough solution to reduce plastic waste
iQ Renew owns the Cat-HTR™ platform for End-of-Life Plastic in Australia and New Zealand. This unique chemical recycling technology has a low environmental footprint, and produces a high quality sustainable oil from plastic otherwise sent to landfill.
By using the Cat-HTR™ platform to process residual plastic, we deal with the problem locally, preventing stockpiling, shipping overseas, incineration and dumping in landfill.
PET & HDPE: additional physical recycling capacity
Traditionally the easiest types of plastic to recycle have been PET (Polyethylene terephthalate) and PE-HD or HDPE (High density Polyethylene). PET and HDPE plastics are very popular for manufacturing bottles and jars.
PET sets into a clear plastic, is lightweight and tough against gases and liquids while HDPE has an opaque appearance and is highly resistant to diluted acids, oils and alcohols.
Currently iQ Renew operate one plant that washes, colour sorts and flakes HDPE and PET plastic for reuse by plastic manufacturers. The remaining excess PET and HDPE plastic has up until now been bailed and sent to China – however this is now banned. Australia urgently needs a local solution to deal with the building supply of PET and HDPE, currently being stockpiled, to avoid all this plastic going top landfill.
iQ Renew has plans to upgrade its existing facilities for production of HDPE and PET plastic flake and plans to invest part of the revenue from the Government’s Container Deposit Scheme to achieve this.
1. World Economic Forum, Ellen MacArthur Foundation and McKinsey & Company, The New Plastics Economy — Rethinking the future of plastics (2016, http://www.ellenmacarthurfoundation.org/publications).