Abundia has secured additional rights to Alterra Energy's Advanced Recycling technology to develop and operate two more plastics recycling sites in the United States.
The expanded opportunity allows Abundia to convert waste plastic into high-value renewable fuel and chemical products, potentially generating over $200 million in revenue annually per site.
This development aligns with Abundia's goal to be a major producer of renewable fuels and chemicals globally.
Expansion of Technology Rights
Abundia has obtained rights to two additional plastics recycling sites in the U.S., significantly increasing revenue potential.
Revenue Generation Potential
With each additional site, Abundia could convert up to 160,000 tons of waste plastic into valuable products, potentially generating over $200 million annually.
Strategic Growth
The partnership with Alterra reinforces Abundia's commitment to sustainable solutions and growth in the renewable energy sector.
- The additional rights to Alterra's technology position Abundia for significant revenue growth through increased production capacity.
- This partnership solidifies Abundia's position as a key player in the transformation of waste plastic into valuable resources, contributing to a more sustainable future.
Abundia's collaboration with Alterra marks a significant milestone in their shared vision for sustainable solutions in waste management and energy production. The expanded capacity and revenue potential demonstrate a positive outlook for Abundia's future growth and impact on the renewable energy sector.