A PORTLAOISE based green technology company has received a boost which could lead to the creation of up to 30 jobs in Portlaoise.
Cynar Plc, of Portlaoise has signed an exclusive agreement with SITA UK, one of the UK’s leading recycling and resource management companies, to build Britain’s first fully operational plants to convert end of life plastic into diesel fuel.
The objective is to build 10 UK plastic to diesel conversion plants dealing with 60,000 tonnes of mixed plastic waste per year, and commission the first plant in London by end 2011.
This agreement represents a major milestone for Cynar in its expansion in international markets. The company has developed a technology which converts a variety of waste plastics into liquid fuels and which will now form a critical element in the roll out of the SITA UK plants across the UK. Each plant can convert 6,000 tonnes of mixed waste plastic annually producing in excess of 4 million litres of end of life plastic into specification diesel fuel.
Michael Murray, CEO Cynar Plc, said: ‘We are excited by the prospect of seeing our technology becoming both a manufacturing and mainstream reality and a market first thanks to the transformative agreement with SITA UK”. There are 15 jobs in Portlaoise and this contract bolstered the business locally. Mr Murray said there is the potential for up to 30 more jobs at its base in Clonminham.