Nexergy Identifies Site in the UK to Transform Plastic Waste into Green Oil Using CASO Technology
London, 16 April 2024, (Oilandgaspress): – Nexergy Holdings PLC, a provider of green energy solutions, is pleased to announce its plans to establish its first production site in United Kingdom for converting plastic waste into sustainable oil using the proprietary CASO technology. This expansion, initiated by a recent visit to Hull by board members Jason Turner and Ian Tordoff, along with Pontus Salveus, our technician, not only advances sustainable energy solutions but also highlights Nexergy’s commitment to fostering sustainability and promoting economic growth in the region.
Nexergy’s choice for its first United Kingdom production facility is a site with a history of previous, albeit unsuccessful, attempts to produce oil from garbage. Nexergy plans to implement its proven and profitable CASO technology here, which significantly differentiates it from earlier methods.
Discussions are currently underway with the site’s landlord as Nexergy moves decisively to secure this location. Once operational, this site will not only validate the effectiveness of the technology on a larger scale but also serve as a crucial proof of concept for the UK market. The initial installation of four CASO machines aims to significantly scale up production within 12 months, positioning Nexergy as a major producer of sustainable oil also known as CASOIL, derived from plastic waste. This initiative is expected to drive significant demand and enhance the United Kingdom’s renewable energy sector, demonstrating the potential of the CASO technology to transform the production of sustainable oil in the United Kingdom.
Following the outlined strategy, Nexergy aims to install four machines at the site, each equipped to produce sustainable oil. With these four machines in operation, Nexergy anticipates the capacity to convert approximately 50,000 tonnes of plastic waste into CASOIL.
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