The Company was established as an alternative energy provider to facilitate environmentally friendly energy solutions and chose to focus on pyrolysis because it represents the ideal coming together of environment and technology able to clean up the world whilst powering it. The company intends converting waste plastic into fuel thereby reducing waste plastics stockpiles and landfills whilst also producing hydrocarbon fuel capable of powering internal combustion engines or generators to produce electricity.
The company was incorporated in 2008 and spent considerable time researching pyrolysis technology available globally before commissioning its first pilot plant based on Chinese technology in Chonburi province Thailand in 2010. The company successfully produced and sold fuel from waste plastics reclaimed from landfill but experienced reliability and quality issues. The company therefore developed and commissioned a second generation plant in 2012 in conjunction with Thai partners which incorporated many changes based on experience with its generation one plant. The second generation plant demonstrated improved reliability and fuel quality but presented new challenges sourcing and controlling the cost of waste plastic feedstock resulting in a decision to relocate the plant to the North of Thailand closer to landfills.
In 2014 the company relocated from Chonburi to the North of Thailand where it opened a new factory in Phayao province and began targeting management of its own landfill operations together with direct recycling of household plastics. Since that time the company has established a significant footprint in the household recyclables space and is actively collecting significant supplies of clean waste plastics direct from households.
Following a significant downturn in the oil price in late 2014 and 2015 the company opened a second factory in Phayao province to develop and build its own pyrolysis plants at significant cost savings. The third generation plants incorporate further improvements including pre-heating of plastics and continuous feed of plastics and cost savings make pyrolysis commercially feasible.
The company has now entered into agreements to operate government landfills and intends expanding the number of pyrolysis plants in operation in the medium term sourcing waste plastic feedstock from its own recycling and landfill activities.