Recycling Technologies has named Paul Hodges, a long-time adviser to global chemical companies and the investment community, a non-executive director.
Hodges has worked in the chemical industry for 30 years, including 17 years as a senior executive with ICI, both in England and the United States.
Recycling Technologies Ltd, founded in 2011, has produced a chemical process that can accept and recycle various types of plastic into a clean monomer feedstock called Plaxx.
Hodges is the chairman of IeC and is currently working as the global expert with the World Economic Forum. He is also a member of the Energy Institute and a freeman of the City of London. He also writes the ICIS Chemicals & the Economy blog and is the co-author of the study Demand – the New Direction for Profit.
In naming him to the position, Recycling Technologies notes that Hodges’ experience in the petrochemical market, along with his knowledge of global markets, will prove extremely beneficial to Recycling Technologies as it develops the business and the RT7000, a machine incorporating a recycling chemical process which will be assembled on production lines then installed at Material Recovery Facilities around the world.
Adrian Griffiths, CEO of Recycling Technologies, notes, “We are thrilled with this latest addition to the board. Paul has an enviable track record in the petrochemical industry, and we are looking forward to the insight and contribution that he will undoubtedly make to the business as we forge ahead with our plans for 2017.”
“Recycling Technologies aims to contribute to the creation of a circular economy for plastics, which ultimately could dramatically reduce the negative impacts of plastic waste. I am very excited to be part of this innovative organization that is fast gaining recognition around the world,” says Hodges.