Novoloop Appoints Worley Consulting To Conduct Preliminary Engineering Study For A 20,000-Metric Ton Facility [Yahoo! Finance]
WORLEY LTD UNSP/ADR (WYGPY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
conduct a Front-End Loading (FEL-2) preliminary engineering study for the company's breakthrough Lifecycling TM process. The purpose of the study is to assess commercial project feasibility and provide a comparison framework for site selection. The study evaluates a first-of-a-kind (FOAK) facility located on the US Gulf Coast, with a waste plastic processing capacity of 20,000 metric tons per annum. The facility would transform end-of-life post-consumer polyethylene waste into high-value dicarboxylic acid monomers. These monomers are integral in synthesizing virgin-quality performance materials such as Lifecycled TM polyurethanes and polyol intermediates. "We're pleased to support Novoloop's FOAK project, which will create circularity in everyday products. Worley has been at the forefront of partnering with advanced plastic recycling companies, and we are excited to work on Novoloop's innovative technology."—Jennifer Lee, VP—Plastics Recycling, Worley. In industry today, dicarbo
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