PK Clean Technologies and SuperBox agree joint venture

Beverly Hills based diversified holding company SuperBox has signed a joint venture agreement with PK Clean Technologies, a developer of waste plastic-to-fuel technologies.

SuperBox will acquire an 80% interest in one of PK Clean’s operating plants once it raises enough funds to double the size of an existing PK Clean plant to 20 tonnes per day. PK Clean meanwhile, will own 20% and operate the plant under a management contract.

VP of Business Development at SuperBox, Robert Intile, said: "Joining forces with PK Clean benefits both companies, allowing for rapid expansion throughout North America." The American Chemistry Council has estimated that the US alone will sustain six hundred 30 tonne per day plastic to fuel systems. SuperBox and PK Clean are committed to making this jointly owned plant the first of many together. 

Priyanka Bakaya, CEO of PK Clean, added: “While PK Clean is in discussions to build plants for customers around the world, we are particularly excited that our relationship with SuperBox begins in our headquarters of Salt Lake City. The local city and the Governors’ office have been incredibly supportive of us for many years, and we look forward to reducing the amount of plastic waste that ends up in landfills in Utah and the Mountain West.”

PK uses a sustainable process to convert plastic waste into low-sulphur fuels, such as diesel. PK Clean claims its fuels offer high energy payback with zero toxic emissions. SuperBox is a multinational holding company with divisions in Environmental Services, Automotive, Technology, Security & Entertainment.