Recycling technology firm Polyflow LLC has received a $1.6 million grant to build a full-sized, plastics-to-chemicals production reactor in northeast Ohio.
The Ohio Third Frontier Advanced Energy Program a state-funded investment effort is providing the grant to Akron-based Polyflow.
Polyflow CEO Jay Schabel said in an April 27 news release that his company is grateful for the vote of confidence offered by the state of Ohio for our innovative technology.
The reactor will be able to process 21/2 tons of mixed plastic scrap per hour, Chairman Joe Hensel said in an April 28 phone interview. It will be designed and built by Chemstress Consultant Co. of Akron and Niagara Systems of Perry, Ohio, and is likely to be located at Niagara's Perry site, he added.
The real benefit of winning [the grant] is that it can help to draw investment from other sources, including federal funding and private investors, Hensel said, adding that Polyflow's proposal was one of only 11 out of a group of 80 to receive grants in Third Frontier's most recent round of funding.
Polyflow still needs additional investment to build a permanent plant in the Cleveland/Akron area.
Once built, that plant is expected to create eight jobs.
Polyflow has been conducting pilot tests of its technology, developed by Akron-area inventor Charles Grispin, at a temporary site in Akron at a rate of one per month for at least two years.
Construction of the new unit is expected to begin within the next year. Polyflow has enlisted several Ohio-based partners in the project, including:
* Compounding market leader PolyOne Corp. of Avon Lake is looking into a program that could route plastic scrap from its customers to Polyflow.
* Youngstown State University will help conduct tests of Polyflow's technology.
* The city of Stow and Hiram College will supply plastic waste.
* Defense and Energy Systems, a Youngstown consulting firm with ties to the U.S. Military
Polyflow's pyrolysis technology melts down any type of plastic scrap at nearly 1,000° F until vaporized. The vapor is then condensed into a liquid slurry that contains aromatic chemicals. That liquid can be reused by petrochemical firms or used in paint, coatings and solvents.
Polyflow also is negotiating with three petrochemical refineries on offtake contracts for the chemical slurry produced by its tests, Hensel said.