New technologies are unlocking new opportunities in areas such as material design, separation technology, reprocessing technology and renewably sourced and biodegradable plastics. The adoption of reprocessing technologies such as depolymerization has been slow, but in the Netherlands Ioniqa Technologies has developed a cost-competitive process for PET that takes place at relatively low operating temperatures. Also, one of the companies involved in the compilation of the report, for example, is Recycling Technologies, a UK recycling technology company that has developed a commercial solution for plastic waste. Its technology contributes to the after-use plastics economy by converting unsorted residual plastic waste—that is currently disposed of in landfill or incinerators—into a valuable low sulphur hydrocarbon known as Plaxx.
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