Rockwell Automation – ROK – Awarded an $11 million contract

Cynar plc, a leading technology company in the waste-to-energy market, has awarded an $11 million contract to Rockwell Automation (NYSE: ROK) to design and build a new end-of-life plastic to fuel conversion plant in Bristol, UK for SITA UK ltd, a Cynar customer and partner in the development.

Cynar has developed a technology that converts end-of-life plastics into fuel. “Our technology represents a unique and profitable way to significantly decrease the amount of end-of-life plastics that are disposed in landfills and incinerators,” said Michael Murray, Cynar plc CEO and chairman. “Rockwell Automation strengthens our technology by providing complete design, engineering life cycle maintenance, and local support. We’ll have a process technology solution that will enable us to rapidly deploy our technology globally.”

“This agreement with Cynar demonstrates ROK’s ability to deliver scalable, complex solutions on a global level. We’re pleased to work with Cynar in an industry that’s making the world more sustainable,” said Hedwig Maes, president of Rockwell Automation Europe, Middle East and Africa region.

“This win is significant for us in the waste-to-energy market,” said Terry Gebert, vice president and general manager, Rockwell Automation Global Solutions. “It includes the design and build of process skids, automation architecture, software, power control and engineering/startup services in one fully integrated solution, using the Rockwell Automation PlantPAx™ process automation system. Our process knowledge, project management, domain expertise and global resources will help Cynar implement and operate a profitable, sustainable facility.”

ROK’s Global Solutions team has worked with Cynar over the past two years developing the engineering, modularization and process improvements of Cynar’s waste end-of-life plastic to fuel conversion plant. With this contract award, Rockwell Automation will enter the design and build phase of the project.

About Rockwell Automation Global Solutions

The thousands of engineers on the Rockwell Automation Global Solutions team design, build and upgrade control, power, safety and information solutions for manufacturing clients. Working in tandem with a scalable PartnerNetwork™, the company’s global solutions offerings can address a wide range of projects including challenging multi-million dollar enterprise projects than span two or more countries. Clients include oil and gas, petrochemicals, consumer industries, life sciences, automotive, tire and heavy industries such as cement, metals, mining, pulp and paper, and power and water utilities.

About Cynar plc

Cynar, based in London, has developed a conversion technology process that converts various types of end-of-life plastic into liquid fuels, mainly diesel. This unique technology converts mixed waste plastics into synthetic fuels that are cleaner and low in sulphur.

About ROK

ROK, the world’s largest company dedicated to industrial automation and information, makes its customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis., Rockwell Automation employs over 21,000 people serving customers in more than 80 countries.

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Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.