Poseidon Plastics Signs Agreement with DuPont Teijin Films to Assist and Develop Poseidon’s Unique Polyester Recycling Technology

Poseidon Plastics Ltd., a waste polyester recycling company and co-developers of a unique monomer recycling technology that converts polyester waste to recycled raw material (BHET) to produce virgin PET, is pleased to announce it has signed an MOU agreement with DuPont Teijin Films (DTF) to assist and develop Poseidon’s Polyester Recycling Technology with a pathway to constructing an initial 10,000 tonnes per year facility.  The technology had previously operated at 1,000 tonnes per year scale and following a series of process improvements, Poseidon will commercialise its second generation platform (“Poseidon Process”), in the 10,000 tonnes per year plant. 

The “Poseidon Process” is focused on recycling problematic waste streams such as trays, pots, containers, fibres/fabrics and all types of polyester composites into consumer grade (r)BHET. Poseidon’s 10,000 tonnes per year facility will start detailed engineering design at the site in the first quarter of 2020.  

As part of this agreement, DTF will support Poseidon with a range of testing and processing of BHET into PET polymer and BOPET films, as well as their considerable market experience to help Poseidon navigate the regulatory and legislative standards surrounding the industry. Poseidon Plastics, with the help of DTF, intends to construct and operate the 10,000 tonnes per year facility within 18 months in our Teesside base. In parallel with the 10,000 tonnes per year facility, a 50,000 thousand tonnes per year will be designed for subsequent global licensing to support larger scale facilities.