Nexergy Holdings PLC, a leading provider of green energy solutions, has announced its plans to establish its first production site in the United Kingdom. The site will utilize their proprietary CASO technology to convert plastic waste into sustainable oil. This expansion not only advances sustainable energy solutions but also highlights Nexergy’s commitment to fostering sustainability and promoting economic growth in the region.
The decision to establish the production facility in the United Kingdom was made after board members Jason Turner and Ian Tordoff, along with technician Pontus Salveus, visited Hull. The chosen location has a history of previous attempts to produce oil from garbage but was unsuccessful. Nexergy plans to implement their proven and profitable CASO technology at this site, which sets them apart from previous methods. Discussions are currently underway with the site’s landlord as Nexergy moves to secure the location. This site will serve as a crucial proof of concept for the UK market and validate the effectiveness of the technology on a larger scale. The initial installation of four CASO machines is expected to significantly increase production within twelve months, positioning Nexergy as a major producer of sustainable oil, also known as CASOIL, derived from plastic waste. This initiative is projected 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 country.
Nexergy plans 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. “Our recent visit to Hull marked a significant step in identifying a suitable location for our first UK production facility,” stated Jason Turner, Managing Director of Nexergy Holdings PLC. “This initiative is central to our expansion strategy, and we are excited to start preliminary discussions with potential partners who are essential in achieving our vision of bringing sustainable energy solutions to local communities. Establishing this facility is not just about immediate gains but is a pivotal part of our long-term commitment to enhancing sustainable practices across the industry and contributing to global environmental goals.”
“In addition to our production efforts, we also uphold strategic commercial partnerships under stringent confidentiality. This includes supplying CASOIL to a leading global petrochemical company, demonstrating the trust in and reliability of our operations while highlighting the high quality and global significance of our products,” added Turner.
Pontus Salveus, a specialised technician who has been instrumental in the development and perfection of the CASO technology over the past twelve years, has joined Nexergy and will play a key role in the UK expansion initiatives. His deep expertise and technical skills are crucial as the company plans to establish more production sites in the UK and Europe. Pontus is a valued member of both Nexergy and Cassandra.
“I am excited to contribute to Nexergy’s UK expansion initiatives and enthusiastic about the CASO technology’s potential to enhance our sustainability efforts. The CASO machine, capable of transforming vast amounts of plastic into high-quality CASOIL, supports our commitment to reducing environmental impact and advancing resource efficiency. This scalable solution is key to addressing the growing demand for sustainable energy solutions and advancing towards a circular economy,” said Pontus.
CASOIL, short for “Cassandra Oil,” is a sustainable oil product derived from either recycled or renewable carbon sources, primarily plastic waste. It is produced using innovative technology called the Cassandra Technology, which enables the conversion of various waste materials, such as plastic waste and bio-based materials like car tyres, into high-quality hydrocarbons.
This sustainable alternative to conventional fossil-based feedstocks for plastic production can be created from either chemically recycled waste plastic or renewable carbon sources such as bio-based materials, including waste and residues like car tyres and plastic waste. CASOIL is of identical quality to oil used to produce conventional plastic and can be used in the same products and applications without requiring changes to existing infrastructure. Its introduction enhances the circular economy by keeping materials in circulation and replacing fossil resources with sustainable alternatives, ensuring the recyclability of plastics remains unchanged.
CASOIL is currently being delivered to a world-leading petrochemical company under a non-disclosure agreement.
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