Espoo-VTT Technical Research Centre of Finland said it plans to launch a new company-Olefy Technologies-for its patent-pending technology that can"revolutionize"circular plastic recycling.The technology can extract over 70% virgin-grade plastics and chemical raw materials components from plastic waste in a single step,reducing the cost of plastic recycling and making recycling a preferred option for large amounts of landfill-bound plastic waste that current methods are unable to process.
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