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. 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.