ReNew ELP

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).

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

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

• Advanced plastic recycling
• Hydrothermal recycling technology
• Chemical recycling services
• Recycled feedstock production
• Plastic waste processing

Headquarters

HQ city

Redcar

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Technology or R&D, Operations, Personnel, Marketing or Sales

Revenue model

1. 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).
2. 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.
3. 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

Core 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

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eleven partnerships are on record, tiered supporting, major and core.

• WMG (Warwick Manufacturing Group)supportingStrategic or Co-development Partner · 8 August 2024Mura 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 SolutionsmajorStrategic or Co-development Partner · 29 May 2024New feedstock partnership with Elite Recycling Solutions for the first Hydro-PRT site at Wilton, Teesside.
• Ghent University Laboratory for Chemical TechnologysupportingStrategic or Co-development Partner · 17 April 2024Mura partners with Ghent University's Laboratory for Chemical Technology to explore advanced recycling capabilities.
• NestemajorStrategic or Co-development Partner · 7 March 2024Mura Technology signed offtake agreement with Neste for purchasing recycled feedstocks produced from Hydro-PRT facilities.
• EREMAmajorTechnology or Integration · 11 December 2023EREMA selected as extruder supplier for the world-first Hydro-PRT advanced recycling flagship plant at ReNew ELP/Wilton, UK.
• GS CaltexmajorOEM/ Whitelabel/ Licensing Partner · 18 October 2022Mura and KBR announced licensing agreement with GS Caltex for Hydro-PRT technology deployment in South Korea.
• LG ChemmajorOEM/ Whitelabel/ Licensing Partner · 18 January 2022LG 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 CorporationmajorOEM/ Whitelabel/ Licensing Partner · 16 June 2021First 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.
• DowcoreStrategic or Co-development Partner · 22 April 2021Dow 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.
• KBRcoreTechnology or Integration · 14 January 2021KBR 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 GmbHsupportingStrategic or Co-development Partner · 15 January 2020Partnership with igus GmbH for exploring advanced recycling capabilities.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct 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

• LinkedInlinkedin.com/company/mura-technology

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ReNew ELP