Feedstock Cost: If the plastic waste can be sourced cheaply or even for free, it can significantly boost profitability. Conversely, if there’s a cost associated with acquiring or cleaning the plastic waste, it can impact margins.
End-product Market: The price and demand for the pyrolysis oil, char, and gas in local or international markets determine the revenue potential. For instance, if the oil can be refined and sold as a higher-value product, profitability increases.
Technology Used: Advanced pyrolysis technologies with higher efficiencies, better product yields, and lower emissions can command better market prices and reduce potential regulatory hurdles.
Cynar’s first active plant was constructed in 2008, in Ireland, and had a capacity of 10 tonnes per day. The capacity is now 20 tonnes per day, but plans are constantly ongoing for further expansions. Two plants are under construction in Spain, with one in Almeria and one in Seville. Cynar also put pen to paper on a contract with Plastic Energy America SL, with the intent to develop more plants in the US & South America.
With the pyrolysis technology proving successful, Cynar are preparing for a huge influx of business. Already it is estimated that the number of employees has doubled in 12 months. Laura Deeks, Cynar’s Environmental Policy manager has said: ‘The next few years are going to be busy. The technology is working, have have seen it work. It’s ready to hit the market now’.