Mura Technology , a joint venture (JV) between the UK ’s Armstrong Energy and Australia ’s Licella Holdings , is to build a $40m m plastic recycling plant in Timor-Leste . The facility could help the country become the world's first plastic-neutral economy. The plant will use a Catalytic Hydrothermal Reactor ( Thomas Maschmeyer ) invented by Licella Holdings Professor Cat-HTR , who founded Licella to market his invention. It uses high-temperature water under high pressure to recycle waste plastic back into oil. The memorandum of understanding was signed at the University of Sydney by the government of East Timor (Timor-Leste) and Mura Technology, a joint venture between Australia’s Licella Holdings and the UK’s Armstrong Energy. The JV will work with plastic waste processing not-for-profit organisation RESPECT . Timor-Leste generates one mt of plastic per day.
Mura Technology , a joint venture (JV) between the UK ’s Armstrong Energy and Australia ’s Licella Holdings , is to build a $40m m plastic recycling plant in Timor-Leste . The facility could help the country become the world's first plastic-neutral economy. The plant will use a Catalytic Hydrothermal Reactor ( Thomas Maschmeyer ) invented by Licella Holdings Professor Cat-HTR , who founded Licella to market his invention. It uses high-temperature water under high pressure to recycle waste plastic back into oil. The JV will work with plastic waste processing not-for-profit organisation RESPECT . Timor-Leste generates one mt of plastic per day.