ReNew ELP
ReNew ELP operates the world's first commercial-scale Hydro-PRT advanced plastic recycling facility at Wilton Centre, Teesside, UK, under Mura Technology. It uses supercritical water to convert unrecyclable multi-layered plastics into fossil-equivalent feedstocks for global chemical companies.
- Company typePrivate
- Founded2017
- HeadquartersRedcar, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
What ReNew ELP does
ReNew ELP operates the world's first commercial-scale Hydro-PRT (Hydrothermal Plastic Recycling Technology) advanced recycling facility at Wilton Centre in Teesside, UK. The facility, developed and licensed by parent company Mura Technology Limited, uses supercritical water to convert multi-layered flexible and rigid plastic waste—materials typically considered unrecyclable through conventional mechanical recycling—back into fossil-equivalent hydrocarbon feedstocks suitable for new plastic production. An independent Life Cycle Assessment by WMG (Warwick Manufacturing Group) reported 80% carbon savings versus incineration. The flagship plant commenced commercial-scale operations in October 2023, and Mura (including ReNew ELP) is targeting 1.5 million tonnes of annual recycling capacity across owned and licensed sites by 2032.
The core offering is Mura's proprietary Hydro-PRT process, branded as a registered trademark and deployed at ReNew ELP under EREMA-supplied extrusion equipment. ReNew ELP monetizes the technology through three revenue streams: (1) technology licensing royalties via KBR as exclusive Global Licensing Partner and preferred engineering partner (with a US$100 million strategic investment from KBR in June 2022); (2) processing fees for converting plastic waste at the Wilton facility; and (3) offtake agreements selling recycled feedstocks to chemical companies, notably Neste (signed March 2024). Feedstock supply is supported by a partnership with Elite Recycling Solutions.
Customer concentration is anchored on a small set of global chemical majors. Licensed facility partners include Mitsubishi Chemical Corporation (Ibaraki, Japan), LG Chem (Dangjin, South Korea), GS Caltex (South Korea), and Dow (Böhlen, Germany, in development), with Dow and Chevron Phillips Chemical (via Six Pines Investments) also having made strategic equity investments in Mura. ReNew ELP itself operates with a small core team of 1-10 employees at the Wilton Centre, with broader strategic, R&D, and commercial functions provided by Mura Technology. The entity holds Cyber Essentials Plus certification via its parent and was the first advanced recycler admitted to the Ecoinvent Life Cycle Database (November 2024).
ReNew ELP firmographics
Firmographics- Name
- ReNew ELP
- Legal name
- ReNew ELP
- Website
- https://renewelp.co.uk
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ReNew ELP operates the world's first commercial-scale Hydro-PRT advanced plastic recycling facility at Wilton Centre, Teesside, UK, under Mura Technology. It uses supercritical water to convert unrecyclable multi-layered plastics into fossil-equivalent feedstocks for global chemical companies.
- Ownership category
- akta.pro rank
ReNew ELP industry classification
Industry- Product category
- Advanced Plastic Recycling
- NAICS
- Materials Recovery Facilities (562920), Petrochemical Manufacturing (32511)
- SIC
- Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)
- akta.pro primary industry
- Chemical/Advanced Recycling (Pyrolysis, Depolymerization, Solvolysis, Gasification) (EUAIAKAC)
- akta.pro secondary industries
- Chemical/Advanced Plastics Recycling (Depolymerization, Pyrolysis, Solvolysis) (IMANAMAD), Plastic-to-Fuel/Oil & Feedstock Upgrading (Naphtha/Cracker Feed) (EUAIAKAL)
Keywords
Where ReNew ELP is headquartered
LocationHeadquarters
- HQ city
- Redcar
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
ReNew ELP business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Technology or R&D, Operations, Personnel, Marketing or Sales
Revenue model
- Technology Licensing: Licensing of Hydro-PRT technology to third-party operators globally through KBR partnership. Licensees include Mitsubishi Chemical Corporation (Japan), LG Chem (South Korea), GS Caltex (South Korea), and Dow (Germany).
- Recycling Processing Services: Processing plastic waste through advanced recycling at ReNew ELP facility in Wilton, UK. The facility converts plastic waste into feedstocks sold to chemical companies.
- Offtake Agreements: Offtake agreements with partners like Neste for purchasing recycled feedstocks produced from the Hydro-PRT process.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
ReNew ELP product offering
Product offeringCore offering
ReNew ELP operates the world's first commercial-scale Hydro-PRT advanced plastic recycling facility at Wilton International, Teesside, UK, using supercritical water to convert multi-layered flexible and rigid plastic waste into fossil-equivalent hydrocarbon feedstocks for new plastic production. The company also licenses the Hydro-PRT process to third-party operators globally through KBR, with licensees including Mitsubishi Chemical Corporation, LG Chem, GS Caltex, and Dow. Recycled feedstocks are sold to chemical companies via offtake agreements, enabling a circular economy for plastics that would otherwise be unrecyclable through conventional mechanical recycling.
Product overview
ReNew ELP operates as the world's first Hydro-PRT advanced recycling facility, utilizing Mura Technology's proprietary hydrothermal recycling process. The facility processes multi-layered flexible and rigid plastic waste using supercritical water to convert these materials back into fossil-equivalent feedstocks for new plastic production. This core offering enables the circular economy model for plastics that would otherwise be unrecyclable through conventional methods.
Differentiator
Problem solved
Functional benefit
Products and services
- ReNew ELP Hydro-PRT Advanced Recycling Facility (Mura Wilton) The world's first commercial-scale Hydro-PRT (Hydrothermal Plastic Recycling Technology) advanced recycling facility, using supercritical water to convert multi-layered flexible and rigid plastic waste into fossil-equivalent hydrocarbon feedstocks for new plastic production. Serves chemical companies, industrial manufacturers, packaging firms, and waste management companies seeking circular feedstock solutions.
- Hydro-PRT Technology Licensing Licensing of the proprietary Hydro-PRT hydrothermal advanced recycling process to third-party operators globally through KBR as exclusive Global Licensing Partner and preferred engineering partner. Licensees include Mitsubishi Chemical Corporation (Japan), LG Chem (South Korea), GS Caltex (South Korea), and Dow (Germany), enabling worldwide deployment of advanced recycling capacity.
- Recycled Hydrocarbon Feedstocks Fossil-equivalent hydrocarbon feedstocks produced from processing plastic waste via the Hydro-PRT process at the ReNew ELP facility. Sold to chemical companies through offtake agreements (e.g., Neste) as sustainable raw materials for new plastic production, enabling circular economy outcomes and supporting recycled-content commitments.
Quantifiable outcome
- 80% carbon savings versus incineration
- +2 more outcomes
Companies that use ReNew ELP
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
ReNew ELP technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
ReNew ELP partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered supporting, major and core.
- WMG (Warwick Manufacturing Group)supportingMura Technology and WMG secured Innovate UK grant to grow commercial opportunities for Hydro-PRT. WMG conducted independent Life Cycle Assessment showing 80% carbon savings.
- Elite Recycling SolutionsmajorNew feedstock partnership with Elite Recycling Solutions for the first Hydro-PRT site at Wilton, Teesside.
- Ghent University Laboratory for Chemical TechnologysupportingMura partners with Ghent University's Laboratory for Chemical Technology to explore advanced recycling capabilities.
- NestemajorMura Technology signed offtake agreement with Neste for purchasing recycled feedstocks produced from Hydro-PRT facilities.
- EREMAmajorEREMA selected as extruder supplier for the world-first Hydro-PRT advanced recycling flagship plant at ReNew ELP/Wilton, UK.
- GS CaltexmajorMura and KBR announced licensing agreement with GS Caltex for Hydro-PRT technology deployment in South Korea.
- LG ChemmajorLG Chem licensed Hydro-PRT technology and commenced construction at their first site in Dangjin, South Korea. Partnership accelerates global drive towards circular plastics economy.
- Mitsubishi Chemical CorporationmajorFirst Hydro-PRT license agreement with Mitsubishi Chemical Corporation for site development in Ibaraki, Japan. Mitsubishi Chemical and ENEOS later launched an advanced recycling facility using Mura's Hydro-PRT technology in July 2025.
- DowcoreDow made strategic investments in Mura Technology and plans to locate Europe's largest advanced recycling facility at Dow's site in Böhlen, Germany. Partnership includes largest commitment of its kind to scale advanced recycling of plastics.
- KBRcoreKBR serves as exclusive Global Licensing Partner and preferred engineering partner for Hydro-PRT technology worldwide. KBR invested US$100 million strategically in Mura Technology in June 2022 to support global deployment of the technology.
- igus GmbHsupportingPartnership with igus GmbH for exploring advanced recycling capabilities.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
ReNew ELP competitors and assessment
Company assessmentDirect peers
- Plastic Energy: Plastic Energy operates commercial-scale pyrolysis-based advanced recycling plants converting end-of-life plastics into hydrocarbon feedstocks, directly competing with ReNew ELP's Hydro-PRT hydrothermal approach for the same chemical offtaker market. Both target flexible and multi-layered plastics considered unrecyclable by mechanical means.
- Agilyx: Agilyx (and its subsidiary Cyclyx) develops chemical recycling technologies including pyrolysis and depolymerization to convert plastic waste into feedstocks and new polymers. Overlaps with ReNew ELP's mission of producing petrochemical-equivalent outputs from mixed plastic waste streams for major chemical offtakers.
- Brightmark: Brightmark operates pyrolysis-based plastics renewal facilities converting mixed plastic waste into feedstock for new plastic production. Targets the same hard-to-recycle plastic streams as ReNew ELP and serves comparable chemical and brand-owner offtake customers.
Broad incumbents
- Eastman Chemical Company: Eastman is investing heavily in polyester renewal (methanolysis-based) recycling and renewable materials as part of its broader specialty chemicals portfolio. While Eastman operates across many chemical lines, its molecular recycling push directly competes with ReNew ELP in supplying recycled-content feedstocks to brand owners.
- BASF (ChemCycling): BASF's ChemCycling initiative uses a mass-balance approach to incorporate recycled feedstock (via partners like Quantafuel and ARCUS) into its broad petrochemical and plastics portfolio. As one of the world's largest chemical companies, BASF competes with ReNew ELP's chemical-recycling offtake proposition, though via partnerships rather than its own dedicated recycling IP.
- SABIC: SABIC operates TRUCIRCLE, a portfolio of certified circular polymers using feedstock from advanced recycling of mixed plastic waste. As a major petrochemical incumbent with established petrochemical output, SABIC competes for the same chemical-offtaker market as ReNew ELP while serving broader polymer markets.
- INEOS: INEOS, a major global petrochemical producer, has invested in advanced recycling capacity and has partnerships (e.g., with Plastic Energy) for pyrolysis-based feedstock supply. Competes with ReNew ELP for chemical-offtaker relationships and recycled-content polymer output across European markets.
Emerging players
- Carbios: Carbios develops enzymatic (biocatalyst) depolymerization technology focused on PET waste, producing monomer outputs for re-polymerization. While targeting a narrower polymer stream than ReNew ELP, Carbios represents an emerging competing advanced-recycling pathway competing for brand-owner recycled-content commitments.
- Loop Industries: Loop Industries uses a depolymerization process to break down PET plastic waste into monomers for virgin-quality PET resin production. Serves a similar circular-economy thesis as ReNew ELP but focused exclusively on PET, representing a partial-overlap emerging competitor for recycled-content offtake agreements.
- Quantafuel: Quantafuel operates chemical recycling (pyrolysis) plants converting plastic waste into pyrolysis oil and naphtha-grade feedstocks for petrochemical offtakers. A direct emerging competitor to ReNew ELP in producing hydrocarbon feedstocks from mixed plastic waste via advanced recycling technology.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
ReNew ELP social profiles
Digital presenceReNew ELP compliance and trust
Trust signalCompliance1 record
ReNew ELP financial estimates
Financial estimateRevenue estimate
Valuation estimate
ReNew ELP leadership team
Management profileNumber of profiles
Profiles1 record
ReNew ELP funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ReNew ELP M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ReNew ELP
What does ReNew ELP do?
ReNew ELP operates the world's first commercial-scale Hydro-PRT advanced plastic recycling facility at Wilton International, Teesside, UK, using supercritical water to convert multi-layered flexible and rigid plastic waste into fossil-equivalent hydrocarbon feedstocks for new plastic production. The company also licenses the Hydro-PRT process to third-party operators globally through KBR, with licensees including Mitsubishi Chemical Corporation, LG Chem, GS Caltex, and Dow. Recycled feedstocks are sold to chemical companies via offtake agreements, enabling a circular economy for plastics that would otherwise be unrecyclable through conventional mechanical recycling.
Is ReNew ELP a public or private company?
ReNew ELP is a private company. It is classified as corporate owned and is currently operating.
When was ReNew ELP founded?
ReNew ELP was founded in 2017. It employs 1 to 10 people.
Where is ReNew ELP based?
ReNew ELP is headquartered in Redcar, United Kingdom, in the Europe region.
How does ReNew ELP make money?
Three revenue lines are on record. Technology Licensing is the primary driver. The others are recycling Processing Services and offtake Agreements.
Who are ReNew ELP's main competitors?
Direct peers on record are Plastic Energy, Agilyx and Brightmark. Broad incumbents are Eastman Chemical Company, BASF (ChemCycling), SABIC and INEOS. Emerging players are Carbios, Loop Industries and Quantafuel.
Does ReNew ELP have an API?
No public API is recorded for ReNew ELP.
What industry is ReNew ELP in?
ReNew ELP's product category is Advanced Plastic Recycling. Its primary akta.pro industry code is EUAIAKAC, Chemical/Advanced Recycling (Pyrolysis, Depolymerization, Solvolysis, Gasification), with a secondary code of IMANAMAD, Chemical/Advanced Plastics Recycling (Depolymerization, Pyrolysis, Solvolysis). Its NAICS code is 562920 and its SIC code is 2821.