VTT spins out Olefy to revolutionize circular plastic recycling
After four decades of thermal conversion technology development, VTT is spinning out Olefy technology in October – a process that can affordably convert most of the world’s waste plastics back to usable virgin grade materials an infinite number of times. VTT also announces eight patent applications for the process.VTT has announced its plan to spin out a new company – Olefy Technologies . Its patent-pending technology can extract over 70% virgin grade plastics and chemical raw materials components from plastic waste. The new process can be done in a single step,