California, US – Novoloop is in the process of determining the feasibility of a waste plastic processing facility on the US Gulf coast. It would have a processing capacity of 20,000 tonnes/year.
The company’s proprietary Lifecycling process takes polyethylene waste, and turns it into dicarboxylic acid monomers in a single step. These are then used to make virgin quality materials, including its Lifecycled polyurethanes and polyol intermediates.
It has appointed Worley Consulting to carry out a front-end loading (FEL-2) preliminary engineering study. This will assess the feasibility of the commercial project, including technical, environmental and cost aspects, and provide a comparison framework for site selection.
“The completion of the FEL-2 study by Worley Consulting will solidify the project’s feasibility, ensuring that the foundational elements are in place for a seamless transition to the next stages of engineering,” said Nedim Hasanbegovic, Novoloop’s VP of engineering.
The start-up is continuing to look for industrial partnerships and collaborations that will help it advance the scale-up of its technology. The venture-backed company has already raised more than $25m in capital, and is building a pilot plant in India in collaboration with Aether.
