Cynar Plc ("Cynar") is developing and has patent applied for a technology which converts a wide range of ELP into liquid fuels, mainly diesel which Cynar calls - End of Life Plastic to Diesel (ELPD). This unique Cynar Technology converts mixed Waste Plastics into synthetic fuels that are cleaner, low in sulphur and in the case of the diesel, a higher cetane than generic diesel fuel. The key elements of the Technology involve pyrolysis and distillation.
The first full scale ELPD plant has received all required permitting and licensing and is operating in Ireland. The second plant has successfully been awarded planning permission in the UK with SITA/Suez Environment and is proceeding to plan.
Cynar has successfully agreed an exclusive contract with SITA/Suez for a total of 10 plants. This contract is valued at over £70m and is being followed by similar agreements with other reputable recyclers.
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