The Coco Group’s mining experience and commitment to environmental sustainability led to its recent investment in Licella. Licella is the global leader in hydrothermal upgrading – the process of chemically transforming biomass and other organic-based material (even non-recyclable plastic) into oil, which can be refined to advanced biofuels and chemicals. Hydrothermal upgrading is now widely accepted as one of the most likely production pathways for producing advanced drop-in biofuels at scale.
Each day the world consumes over 100 million barrels of fossil oil, yet creating oil takes nature millions of years…Our Cat-HTR™ chemical recycling technology creates recycled oil from waste plastic in just 20 minutes.
The Coco Group’s CEO Mr. Paul Axon currently sits on the board of Licella; pioneering new technologies for a better future.
For more information please go to licella.com.au