Cyclion Brings Recycling to the Philippines
Cyclion, a promising climate tech startup hailing from Australia, has officially inked a Letter of Intent (LOI) with The National Development Company (NDC), a prominent state-owned enterprise in the Philippines with a diverse portfolio of investments that significantly drive inclusive growth.
This LOI serves as a cornerstone for Cyclion's mission to introduce recycling programmes in the Philippines and deploy their cutting-edge waste-to-energy technology.
This dynamic partnership paves the way for Cyclion to establish a network of new processing facilities across the Philippines. The first of these facilities is scheduled to commence construction by the close of 2024, with a remarkable daily processing capacity of 50 tonnes. This Brisbane-based startup has pinpointed Southeast Asia as the ideal region for its maiden waste-to-energy plant, given that nearly a third of the world's waste is disposed of in this area.
Following the establishment of the 50-tonne-per-day plant, Cyclion is already in discussions with private enterprises in the Philippines to develop a substantial AU$150 million recycling plant in Manila. Once operational, this facility will have the capacity to process a staggering 900 tonnes of waste every day, with construction slated to commence in 2025.
Cyclion's pioneering technology harnesses proprietary catalysts specially engineered to transform mixed waste materials, including plastics and organic waste, into energy using an innovative process known as the 'Cyclion Catalytic Fluid' (CCF) method.
This method liquefies plastics and organic waste without the need for pre-treatment, effectively converting them into valuable fuel or electricity. What sets Cyclion's approach apart is that it doesn't involve the incineration of waste; rather, it immerses it in a special catalyst, allowing liquefaction to occur at a relatively low temperature of 310°C and atmospheric pressure.
The NDC has played a pivotal role in creating economic and sustainable opportunities for individuals and businesses across various sectors, fostering job creation, training, and economic growth. Collaborating with Cyclion will enable the Philippine government to reduce its reliance on imported fuel and lessen the impact of the Organization of the Petroleum Exporting Countries (OPEC) on fuel prices.
Antonilo DC. Mauricio, the General Manager of the NDC, expressed optimism about the potential collaboration, saying, "We believe that the project falls well within NDC's investment criteria of pioneering, developmental, inclusive, sustainable, and innovative."
Cyclion intends to construct a 50-tonne-per-day demonstration model by late 2024. Once operational, the full-scale commercial project is slated to begin development in early 2025, wherein Cyclion and its international subcontractors will design, develop, and operate the project. This innovative energy plant will have the capacity to convert 900 tonnes of waste daily into diesel fuel for sale at fuel stations nationwide.
Philip Major, Founder and CEO of Cyclion, shared his enthusiasm for the partnership, stating, "We are very fortunate to be partnered with the NDC, and this partnership is a big step toward fulfilling our vision of converting household waste into energy in an environmentally friendly and sustainable manner."
The waste-to-energy market is on a rapid growth trajectory and is expected to surpass $68 billion annually by 2030. Cyclion, after years of dedicated research and development to create its groundbreaking technology, is well-positioned to secure its share of this burgeoning market. In alignment with the partnership agreement with the NDC, Cyclion has also initiated an equity crowdfunding campaign on Birchal.
Cyclion's innovative system operates akin to a washing machine, subjecting mixed waste to multiple catalytic cycles. At each cycle, the waste is transformed into a liquefied state, ultimately leaving only inorganic matter, such as solid glass or metals, that can be separated and recovered. The degraded material becomes a valuable oil that can be further processed as fuel or used to generate electricity.
Cyclion's technology could be a pivotal solution in bridging the gap between waste collection organisations and the efficient recycling of household waste. Cyclion estimates that a fully operational Cyclion plant could break down the 12,350 tonnes of plastic waste stockpiled by RedCycle in just about two weeks, resulting in 2 million litres of diesel fuel, enough to fuel approximately 30,000 vehicles.
For those interested in investing in a key player in the global recycling economy, Cyclion's crowdfunding campaign on Birchal is currently live and open for Expressions of Interest. For more information, please click here.
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Source: Cyclion
