Niutech signs waste plastic pyrolysis deal with energy major

Niutech Technology Group Co., Ltd, a China-based industrial continuous pyrolysis technology specialist listed on the STAR Market, has signed a sales agreement with a global energy company for an Industrial Continuous Waste Plastic Pyrolysis Production Line. The production line, capable of processing 10,000 to 50,000 tons of waste plastic per year annually, will be utilized at a refinery owned by the customer to produce Sustainable Aviation Fuel (SAF).

The deal marks Niutech's first entry into the equipment supply chain of the energy major. The EU's ReFuelEU Aviation regulation mandates a gradual increase in SAF blending in jet fuel, starting at 2% by 2025, rising to 6% by 2030 and 70% by 2050. Niutech's technology is already deployed in multiple countries, including the UK, South Korea, Denmark, Thailand, Vietnam, and China, and can process various types of waste plastics without the need for washing, sorting, drying, or fine shredding.

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