Clariter’s unique process transforms the majority of plastic waste streams into new crude oil-free products for industrial and everyday consumer use.
As part of this long-term collaboration agreement, Flowserve will contribute its flow-control expertise, optimum equipment sizing, and commissioning support for the scale-up of Clariter’s commercial production plants.
Through the partnership, Flowserve will be the single-source supplier of all pumps, valves, seals and RedRaven products for Clariter’s first four commercial-scale chemical recycling facilities. Additionally, Clariter will continue to source parts and aftermarket services from Flowserve once construction of the plants has been completed. The companies are also committed to developing new, sustainable formulations for the lubrication of pumps and valves, to be made from recycled plastic waste.
“The circular economy presents meaningful growth opportunities for Flowserve and seamlessly ties to our strategy of Diversification, Decarbonization, and Digitization,” said Scott Rowe, Flowserve president and CEO. “Through our mutual decarbonization efforts, we are thrilled to work together to eliminate substantial amounts of plastic waste on a global scale – making the world better, together.”
“Clariter is pleased to welcome Flowserve as a strategic partner,” said Ran Sharon, Clariter president and CEO. “Partnering with Flowserve provides a significant boost to the design and engineering of our future plants, and the bringing to commercial scale of our innovative technology to transform plastic waste into green products that replace fossil-based petrochemicals.”