WPU to Broaden Research and Development Cooperation With Vitol
8.2.2023 10:01:00 EET | Business Wire | Press release
WPU – Waste Plastic Upcycling A/S has welcomed an initiative of Vitol to engage in negotiations of a deeper vertical research and development of the WPU proprietary technology. The aim of this research and development will be to further broaden the product palette offered by WPU and enrich the subsequent treatment by Vitol creating more valuable products.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230207005907/en/
Niels Stielund (WPU) and Tom Baker (Vitol) (Photo: Business Wire)
The Research and Development cooperation may include construction of an upcycling facility based on WPU proprietary technology but financed by Vitol. WPU welcomes this initiative and looks forward to the negotiations and will update on significant developments.
Tom Baker, Global Head of Naphtha trading at Vitol comments: “Meeting the timeline for construction of the Fårevejle facility is a notable achievement. Vitol believes that the WPU proprietary process technology will make a significant impact in the future plastic waste upcycling industry.”
Niels Stielund, Chairman of Waste Plastic Upcycling A/S comments: “The strength and power of the Vitol - WPU cooperation has once again demonstrated its value. The WPU technology with its Low CAPEX and High Capacity is very suitable for fast scaling to match the global presence of Vitol.”
The first plastic waste has arrived in Fårevejle
The first trucks with plastic waste have arrived at the WPU Fårevejle facility – ready to be upcycled as it is. The entire pallets can be loaded directly into the WPU Batch system as it is, including steel bands and wrapping material.
WPU´s circular Batch process can upcycle dirty consumer- and industrial plastic without any special pre-treatment and with a huge saving of CO2 compared to incineration – for a greener World.
About WPU A/S
It’s our fundamental mission to give new life to plastic waste through pyrolysis and a unique batch technology. The batch technology simplifies the sorting and cleaning process. This makes the technology robust, flexible, and efficient. We predict it’s going to play a vital role in solving the world’s plastic challenge.
Read more: www.wpu-dk.com
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230207005907/en/
Contact information
Niels Stielund
Chairman of the Board of Directors WPU A/S
+45 40 55 44 19
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
GTN and Solidus Labs Announce Landmark Surveillance Partnership23.9.2026 16:00:00 EEST | Press release
GTN, the global fintech, and Solidus Labs, the category-definer in multidimensional market integrity, today announced a landmark partnership that deploys Solidus Labs' HALO platform across GTN's operations. Under the partnership, HALO is deployed across GTN's global order book, delivering integrated trade surveillance and transaction monitoring across equities, fixed income, derivatives, FX and digital/crypto assets. This means for brokers, banks, asset managers and fintechs, the era of surveillance as a barrier to market participation is over. Beyond GTN's internal compliance operations, this partnership introduces a surveillance layer that lets GTN's 500+ clients access dedicated HALO tenants through GTN's infrastructure. This embeds institutional-grade surveillance capabilities into the infrastructure that those firms already run their business on. Rather than each client independently procuring, integrating and running a surveillance stack, GTN's model lets firms across its institu
SS&C Technologies Unveils Portfolio of AI-Enabled Enhancements; Debuts Six-Part Agentic Blueprint Docuseries at SS&C Deliver23.9.2026 16:00:00 EEST | Press release
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today unveiled a suite of next-generation solutions at its annual SS&C Deliver 2026 conference. More than 1,100 leaders from the financial services and healthcare industries gathered in Orlando, Florida, to learn how SS&C is optimizing business workflows with AI-enabled services. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260923521682/en/ A core technology set spanning wealth, retirement, alternatives and asset management is built on the SS&C AI Gateway governance platform. SS&C WorkHQ, the company’s award-winning agentic orchestration platform, enables interoperability across these solutions. SS&C also debuted the six-part The Blueprint: Customer Zero docuseries, a behind-the-scenes look at how SS&C is running the same agentic transformation it is now bringing to its 23,000 clients. "Agentic AI is challenging enterprises. The technology moves fast, the governance stakes ar
Corient Expands to Cayman Islands with Acquisition of FortCay Family Office Advisory23.9.2026 16:00:00 EEST | Press release
Corient, the world’s largest multi-family office and non-bank wealth manager focused on ultra-high-net-worth and high-net-worth clients, today announced the addition of FortCay Family Advisory (“FortCay”), a Cayman Islands wealth manager and multi-family office. FortCay, founded by Billy Harty and Matt Houghton, serves 14 ultra-high-net-worth families representing approximately US$2.6 billion in client assets, providing comprehensive wealth management, estate planning and family office services. The acquisition establishes Corient in the Cayman Islands, a leading international financial center and important hub for private wealth, extending the firm’s reach in a strategically important market. “A meaningful share of the world’s most complex family wealth is structured and administered in the Cayman Islands,” said Kurt MacAlpine, Founding Partner and Chief Executive Officer of Corient. “Many of our clients live, work, and invest across borders – establishing a presence in Cayman deepens
Principal Asset Management ® and Longevity Partners Launch REsponsible Asset Solutions to Scale Real Estate Decarbonization Strategies23.9.2026 16:00:00 EEST | Press release
Principal Asset Management® and Longevity Partners today announced the launch of REsponsible Asset Solutions (RAS), a new platform designed to help institutional real estate owners identify, underwrite, and execute decarbonization initiatives that improve building performance, reduce energy consumption and enhance long-term asset value while meeting investment return objectives. REsponsible Asset Solutions brings together the institutional investment expertise of Principal Asset Management's dedicated real estate platform, a top-10 global real estate manager1 with $108 billion in assets under management2 and more than 65 years of experience, and Longevity Partners' engineering, procurement, and implementation capabilities. By combining deep real estate investment knowledge with technical decarbonization expertise, RAS provides scalable, value-enhancing strategies that help clients advance sustainability objectives while supporting long-term asset value. “Many institutional investors ha
The Estée Lauder Companies and the Breast Cancer Research Foundation Launch Largest Global Research Initiative on Breast Cancer in Younger Women23.9.2026 15:30:00 EEST | Press release
The Estée Lauder Companies today announced a new five-year commitment to the Breast Cancer Research Foundation to establish the Global Research Initiative on Breast Cancer in Younger Women. This first-of-its-kind research coalition will address the alarming global rise in breast cancer diagnoses among younger women, building on more than three decades of partnership between The Estée Lauder Companies and the Breast Cancer Research Foundation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260923337773/en/ The $15 millioncommitment from The Estée Lauder Companies Charitable Foundation is designed to confront an urgent and significantly underfunded need. Diagnoses among women under age 45 increased by 11 percent from 2012 to 2022,1 while an estimated only 0.6 percent of breast cancer research funding since 2020 has focused on younger women. Breast cancer in younger women is more likely to be diagnosed at a later stage and to b
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom