Plastic Energy announced as finalist in the 2023 LeicestershireLive Innovation Awards

Plastic Energy is one of the nominees in this year’s LeicestershireLive Innovation Awards.

A global leader in chemical recycling technology, Plastic Energy is transforming the global landscape of plastic waste by converting previously unrecyclable plastic into a recycled oil (called TACOIL™) that replaces fossil oils in the production of new plastics.

The company has partnered with Loughborough since 2012 to accelerate the innovative process to help prevent plastic waste and transform it into a valuable resource. The partnership with Loughborough, led by Professor of Chemical Technologies Steve Christie and reader in analytical chemistry Dr Jim Reynolds, prioritises research and development, building on the innovative work undertaken by Plastic Energy’s technology team.

In 2022 they opened a suite of specialist labs and a dedicated office space on Loughborough University Science and Enterprise Park (LUSEP). The research team use state of the art equipment in the new labs to test feedstock and improve the quality of the TACOIL™. 

As a finalist in the ‘Innovation in Sustainability’ category, Plastic Energy has been nominated for delivering innovative new technologies and solutions to major challenges.

The winners of the LeicestershireLive Innovation Awards will be held on the evening of Thursday 16 February at the National Space Centre in Leicester. Indro Mukerjee, Chief Executive of Innovate UK will deliver the keynote speech and tickets are now on sale. The Awards are part of the Leicestershire Innovation Festival, an initiative of the Leicester and Leicestershire Enterprise Partnership.