Sulzer Acquires Stake in Fuenix Ecogy & Completes Portfolio for Plastic Waste Reduction

Source: www.gulfoilandgas.com 2/17/2023, Location: Europe

Sulzer has signed an agreement with circular technology company Fuenix Ecogy to acquire a strategic stake in its plastic upcycling business.

The partnership will drive the development, commercialization and adoption of advanced, fully integrated solutions for plastic waste processing. The move will allow Sulzer to offer complete recycling lines based on Fuenix’s Ecogy® technology and Sulzer’s own proven separation and purification solutions. Sulzer Chemtech is an established licensor of reaction and separation technologies aimed at driving the chemical recycling of materials.

Fuenix Ecogy® technology converts sorted end-of-life mixed plastic waste into high-value hydrocarbons with virgin-like properties. The solution offers high recovery and conversion rates, enabling a high degree of circularity in the plastic value chain.

With this strategic investment, Sulzer is sharing its leading technical expertise to support the scale up and commercialization of a cutting-edge pyrolysis technology. The agreement also expands Sulzer Chemtech’s technology licensing portfolio for polymer processing, in line with its overarching mission to help industry adopt more sustainable practices.

As the exclusive licensor of the technology, Sulzer Chemtech will be able to offer complete as well as partial recycling lines based on Fuenix’s Ecogy® pyrolysis technology and its own proven separation and purification solutions. At the same time, Sulzer Chemtech will continue to offer its separation and purification know-how and solutions to other plastic recycling technologies.

Sirt Mellema, CEO of Fuenix Ecogy, says: “We are extremely happy about this new partnership with Sulzer, as it will be key to help us scale our technology and promote its global adoption, so that we can help create a circular economy for plastic waste. Sulzer Chemtech’s expertise will allow us to grow our business together and enable a positive change in the industry.”

Sulzer’s Executive Chairwoman Suzanne Thoma adds: “I am proud of this latest investment to grow our already extensive range of sustainable technologies. With the acquisition of a stake in Fuenix Ecogy we are enhancing our scope and portfolio in creating fully circular, zero-waste plastic value chains.”


Thailand >>  11/5/2024 - Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) ("Valeura" or the "Company") is pleased to announce the completion of an internal restructuring of its Thai...
United Kingdom >>  11/5/2024 - The Board of Synergia Energy Limited (Synergia or the Company) is very pleased to announce that it has arranged funding for the initial development of...

Papua-New Guinea >>  11/4/2024 - Further to the announcements of 29 December 2023 and 1 February 2024, Santos is pleased to announce completion of the sale of a 2.6 per cent interest ...
Singapore >>  11/4/2024 - CVC DIF has agreed to acquire a 49.9% interest in ECO, a hazardous waste management company in Singapore.
ECO operates with 649,000 tonnes per ...


South Sudan >>  11/4/2024 - Further to its announcement on 30 September 2024, the Company advises that its ordinary shares remain suspended from trading on AIM pending publicatio...
Sweden >>  11/4/2024 - Arise AB (publ) (“Arise”) has completed the divestment of Pajkölen BESS AB to Flower Infrastructure Technologies AB. The divestment was announced on 1...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.