Novoloop Appoints Worley Consulting To Conduct Preliminary Engineering Study For A 20,000-Metric Ton Facility
The study evaluates a first-of-a-kind (FOAK) facility located on the
“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, dicarboxylic acids, like adipic acid, are produced from fossil fuels across multiple steps. By contrast, Novoloop's FOAK technology converts plastic waste into dicarboxylic acid monomers in one reaction step. As a result, significant benefits are achieved in carbon footprint reduction and unit economics.
The FEL-2 study encompasses detailed evaluations of the technical, economic, and environmental aspects of a commercial project. A key deliverable is a Class IV capital cost estimate (-30%/+40%). Completing this milestone in the project development lifecycle enables a well-defined scope, cost, schedule, and roadmap for further process optimization.
“The completion of the FEL-2 study by
As Novoloop moves forward with scaling up this technology, the company continues to seek industrial partnerships and collaborations that align with its vision of sustainability and innovation within a circular economy for plastics.
About
Novoloop is an emerging leader in plastic circularity, transforming post-consumer plastic waste into performance materials. Headquartered in
To learn more, visit novoloop.com
About Worley
Worley is a global professional services company of energy, chemicals and resources experts. We partner with customers to deliver projects and create value over the life of their assets. We’re bridging two worlds, moving towards more sustainable energy sources, while helping to provide the energy, chemicals and resources needed now.
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Source: Novoloop