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Transforming Waste Plastic Into $10/Barrel Fuel 315

Mike writes "Today Washington DC-based company Envion opened a $5 million dollar facility that they claim will be able to efficiently transform plastic waste into a source of oil-like fuel. The technology uses infra-red energy to remove hydrocarbons from plastic without the use of a catalyst, transforming 82% of the original plastic material into fuel. According to Envion, the resulting fuel can then be blended with other components, providing a source for gasoline or diesel at as low as $10 per barrel."

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