WPU to Broaden Research and Development Cooperation With Vitol
Retrieved on:
Wednesday, February 8, 2023
WPU β Waste Plastic Upcycling A/S has welcomed an initiative of Vitol to engage in negotiations of a deeper vertical research and development of the WPU proprietary technology.
Key Points:
- WPU β Waste Plastic Upcycling A/S has welcomed an initiative of Vitol to engage in negotiations of a deeper vertical research and development of the WPU proprietary technology.
- The aim of this research and development will be to further broaden the product palette offered by WPU and enrich the subsequent treatment by Vitol creating more valuable products.
- View the full release here: https://www.businesswire.com/news/home/20230207005907/en/
Niels Stielund (WPU) and Tom Baker (Vitol) (Photo: Business Wire)
The Research and Development cooperation may include construction of an upcycling facility based on WPU proprietary technology but financed by Vitol. - Vitol believes that the WPU proprietary process technology will make a significant impact in the future plastic waste upcycling industry.β
Niels Stielund, Chairman of Waste Plastic Upcycling A/S comments: βThe strength and power of the Vitol - WPU cooperation has once again demonstrated its value.