GreenTech Recycling Plastic AB is working on an investment plan to initially build a plastic recycling plant in Billingsfors or in Viken, Norway. The plan is based on functional technologies currently in commercial operation in a Nordic plant.
GTR Plastic is exploring the feasibility of constructing a replica of a modern plant for recycling plastic into pyrolysis oil. The plant that GTR intends to replicate is already in commercial operation.
The recycling process utilizes pyrolysis technology with a high level of efficiency and a positive impact on reducing CO2 emissions.
Our first plant is planned with an annual capacity of 33,000 tons, and once the facility is fully operational, the turnover is expected to reach 200,000,000 SEK.
In 2024, GreenTech Recycling Plastic AB began contracting plastic raw materials for the Swedish and Norwegian markets. Until our own plants are in production, the plastic raw materials are delivered to the existing plant currently in commercial operation.
GTR Plastics’ strategy is to build multiple plastic recycling plants in the Nordic region. Our sales model involves establishing a long-term agreement with a buyer for the produced goods. The buyer will purchase all the production of pyrolysis oil over an extended period (10 years).
Off take agreement with BASF
BASF has signed a Letter of Comfort with Green Tech Recycling AB, in which BASF wish to enter into a long-term agreement to purchase all the pyrolysis oil that Green Tech Recycling produces in our factories using Pyrum Innovation technology and quality.
