Bringing an end
to single use plastic
About Poseidon
Poseidon Plastics (“Poseidon”) is a high-tech speciality chemical recycling company focused on developing, commercialising and delivering technology to recycle PET plastic waste. Our aim is to significantly reduce the volume of PET waste worldwide, and ultimately bring an end to single use PET plastics.
THE POSEIDON PROCESS
Our proprietary waste-to-polyester technology breaks down all forms of waste PET plastic, including textiles, carpets, films and bottles into Poseidon rBHET™; a low-cost, sustainable feedstock for the global PET industry.
SUSTAINABLE RECYCLED FEEDSTOCK
rBHET™ is used to remanufacture virgin grade PET for food grade plastic packaging, bottles and containers, thereby creating a circular economy. Our process is also currently being used by our partners in the sportswear industry to develop the world’s first fully circular sportswear range.
TECHNOLOGY
BENEFITS
Our technology means that PET should no longer be considered a single use plastic. All PET is now a valuable and fully recyclable feedstock. Poseidon’s low processing costs will enable a rapid scale-up of the amount of recycled PET in circulation, thereby significantly reducing the volume of PET lost to landfill or incineration.
PROVEN TECHNOLOGY
Our technology has been proven at our pilot facility at Teeside (commissioned in January 2020) which has been producing product grade BHET(polyester feedstock). Our independent corporate partners have verified the quality of the product which has been used to make polyester with recycled content between 25-100%
We are focused on mixed PET waste streams that are problematic and persistent in the environment and cannot be mechanically recycled. As our technology only dissolves PET, we have successfully used black microwave trays, mixed plastics and mixed textile feedstocks in our process.
MULTI-BILLION DOLLAR MARKET
Plastic Waste is one of the most significant problems facing our global environment today, and we possess an economically viable and scalable solution to recycle plastics into usable polyester with many use cases. The Global polyester market is valued at $110bn, according to some estimates for 2019.
As countries around the world put legislative measures in place to force manufacturers to come up with solutions, the need for our technology and the value proposition will increase dramatically.
PROVEN TECHNOLOGY
Our technology has been proven at a scale of 300tpa and has produced consumable product grade BHET (Polyester feedstock) which has been verified by independent corporate partners. It has also been used by our partners to create polyester at 25% to 100% rPET content.
We are focused on mixed PET waste streams that are problematic and persistent in the environment and cannot be mechanically recycled. As our technology only dissolves PET, we have successfully used black microwave trays, mixed plastics and mixed textile feedstocks in our process.
MULTI-BILLION DOLLAR MARKET
Plastic Waste is one of the most significant problems facing our global environment today, and we possess an economically viable and scalable solution to recycle plastics into usable polyester with many use cases. The Global polyester market is valued at $110bn, according to some estimates for 2019.
As countries around the world put legislative measures in place to force manufacturers to come up with solutions, the need for our technology and the value proposition will increase dramatically.
PROVEN TECHNOLOGY
Our technology has been proven at a scale of 300tpa and has produced consumable product grade BHET (Polyester feedstock) which has been verified by independent corporate partners. It has also been used by our partners to create polyester at 25% to 100% rPET content.
We are focused on mixed PET waste streams that are problematic and persistent in the environment and cannot be mechanically recycled. As our technology only dissolves PET, we have successfully used black microwave trays, mixed plastics and mixed textile feedstocks in our process.
MULTI-BILLION DOLLAR MARKET
Plastic Waste is one of the most significant problems facing our global environment today, and we possess an economically viable and scalable solution to recycle plastics into usable polyester with many use cases. The Global polyester market is valued at $110bn, according to some estimates for 2019.
As countries around the world put legislative measures in place to force manufacturers to come up with solutions, the need for our technology and the value proposition will increase dramatically.
PET Applications
PET Food-Grade Packaging
Special grades of PET are used for carry-home prepared food containers that can be warmed in the oven or microwave.
Carpets
Polyester (PET) Carpet Fibers remains a popular choice in carpet fiber due to its lustrous appearance, high level of stain resistance, eco-friendly properties, and low cost.
PET Bottles
PET containers are popular for packaging sodas, water, juices, salad dressings, cooking oil, peanut butter, shampoo, liquid hand soap, mouthwash, and pharmaceuticals.
PET Film Materials
Markets include; electrical components, healthcare, print, packaging, photovoltaics, flexible electronics, and customised solutions.
PET Automotive
PET has multiple uses in the automotive industry due its strength and featherlight properties. It can be utilised for wiper arms, gear housing, engine covers and connector housings.
Textiles
Coming Soon
Our first commercial facility is to be co-located under a collaboration agreement and off-take agreement with industry leaders engaged in the manufacture of polyester.
In the meantime, we are carrying out commercial trials with major Global Brands.
We are engaging with various government bodies and industry participants to advise on policy and demonstrate how plastics can be recycled in a sustainable way to make them environmentally friendly and seen as a valuable resource rather than a waste.
Coming Soon
Our first 10-15kpta facility is to be co-located under a collaboration agreement and off-take agreement with industry leaders engaged in the manufacture of polyester.
In the meantime, we are carrying out commercial trials with major Global Brands.
We are engaging with various government bodies and industry participants to advise on policy and demonstrate how plastics can be recycled in a sustainable way to make them environmentally friendly and seen as a valuable resource rather than a waste.
Our Team
MANAGEMENT TEAM
Dr. Martin Atkins
Martin founded Poseidon after a distinguished 34-year career, including 29 years at BP, where he last acted as Chief Scientist, and 4 years at PETRONAS as Chief Technologist. Martin is chair of Chemical Innovation and Sustainability at Queen’s University, Belfast and holds a PhD in Chemical Engineering from Warwick University.
Dr. Steve Evans
Steve served as Senior Scientist at SASOL Energy for over 12 years and is highly experienced in both project development and process optimisation. Before joining Sasol, Steve completed a PhD in Organic Chemistry at the University of Johannesburg.
Nick Curry
Nick studied PhD Materials Science at the University of Manchester and MSc Polymer Chemistry at the University of Sheffield and has significant experience in Research and Development having scaled several new product formulations from concept to full production-scale as well as being involved in the commissioning of a considerable plant expansion.
OPERATIONS TEAM
Sarah Thompson
Sarah has over 25 years of operations and management experience within industrial & academic collaborative R&D centers. To ensure the smooth day-to day running of the company her responsibilities include HR, recruitment, IP management, accounts and procurement.
Sophie McComb
Sophie completed her PhD in 2015 and is set to graduate with her MBA later this year. She has been involved in coordinating a number of grants which have generated over £2million worth of funding to date, as well as managing several multinational collaborative projects across academia and industry.
Niall Innes
Niall has extensive experience in both chemical and mechanical engineering production and R&D environments. He has excellent management skills and is responsible for the day to day running and supervision of the demo plant and the operating team.
Steve McGurk
Steve has over 30 years experience in chemical production on the Wilton (Teesside) site. He joined the Poseidon team in May 2019 and, as senior research technician, has been instrumental in the successful optimisation and scale-up of the technology.
Tony Mullen
Tony is a skilled & highly trained process operator with extensive experience in the operation of chemical pilot plants having previously worked for Applied Graphene Materials, Gas 2 Ltd and Invista.
Peter Walker
Peter is an experienced plant operator with experience in both the fermentation and petrochemical sectors. Peter has previous Pilot Plant experience with CPI and large chemical production experience with SABIC.
Barbara Barber
Barbara joined the company earlier this year as Office Manager & PA to Martin Atkins. Her international career, which has taken her to both South Africa & Germany, has led to a variety of experience in PA and team facilitator roles with office and administrative management skills. She has worked predominantly within the chemical, engineering and construction sectors.
BOARD MEMBERS
Edward Gillespie
Edward has over 20 years' experience in senior executive and financial management positions, including roles as President of Abundia Financial, CEO of Safe Bus Inc., MD of Port House consultants Ltd, and as founder of Moyle Road Construction Ltd. Edward holds a Diploma in Business Management from the College of Business Management and IT, Ireland.
Dr. Chris Hamer
Chris has over 20 years’ experience as an IP attorney, including advising on global patent strategy, strategic planning, FTO advice, licensing and contentious proceedings for multi nationals and SME’s. Chris is a member of the American Intellectual Property Law Association and the Licensing Executives Society.
Matt Atkins
Matt is the founder and CEO of Panima Capital, a UK based and FCA regulated investment manager. Matt founded Panima in 2011 and holds a Masters in Investment Management from Cass Business School, London.
Matthew Shields
Matthew is a Partner at Panima Capital. He started his career working for Deutsche Bank in the hedge fund credit team in New York before moving to Caza Oil & Gas as a Financial Analyst in Houston. He holds a Bachelor of Science & Finance from NYIT.
Joseph M. Gasik
Joseph is the co-founder and COO of Abundia Financial and has played an integral part in nine M&A deals with a combined value of over $34 billion. He has previously worked at Musanada, PIPC Inc, and UBS. Joseph holds an MBA from the University of Notre Dame.
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Address
The Wilton Centre,
Redcar,
United Kingdom,
TS10 4RF