Nanomatics Pte. Ltd. team is very excited to share that our next stage of an industrial pilot system will be co-built with Environmental Solutions Group Holdings Limited (ESGL) under our Joint Development Agreement. The goal of the Agreement is to develop and advance jointly proprietary technologies to convert plastic waste into pyrolysis oil, carbon nanotubes and hydrogen.
Dr. Andrei Veksha, Co-Founder and Director of Nanomatics:
“As a tech start-up specializing in waste management solutions, particularly in the sustainable recycling of plastic waste, we are excited to partner with ESGL in this joint development agreement, leveraging our respective technology strengths and expertise to drive innovation and create value for our society and environment in Singapore and the larger ASEAN region. Singapore is increasingly facing greater urgency to reduce waste and recycle right and to shift from a linear to a circular economy. By combining our resources and working together towards a common goal, i.e., sustainable and profitable recycling of plastic waste into circular end products that have broad industrial applications and great market demand, we are confident that our joint development program will achieve our target objectives and that we are doing our part to combat climate change and ensure that Singapore remains clean, green and liveable.”
Quek Leng Chuang, Founder, CEO, and Chairman of the Board of ESGL:
“Singapore’s recycling rate for plastic waste remains in the single digits. This creates a huge market opportunity for ESGL’s circular solutions, and we have now established ourselves as a reliable partner for some of the most forward-looking companies operating in Singapore, including using our proprietary FR-3 Pyrolysis Technology in supplying circular pyrolysis oil to Shell in Singapore. Carbon nanotubes are widely used in demanding applications such as energy storage and electronics and are excellent additives to improve electric, thermal and mechanical properties.
We look forward to launching our joint development programs in June 2023, exploring a commercially viable process for producing carbon nanotubes and hydrogen from plastic waste, and developing operational synergy between our proprietary technologies to achieve cost efficiencies.”
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