Plastic Energy Limited, a company with a process to recycle plastic waste into alternative fuels and oil, has set up its Technology HQ a London with the aim of establishing a global business.
The company explained that it has developed a conversion process for valueless plastic waste, with a patented low carbon footprint technology which produces alternative fuels or oil, known as TACOIL.
TACOIL can be used for making new virgin – food safe – plastics, closing the plastic loop and creating a circular economy.