The initial mechanical process will automatically sort and grade waste materials to enable higher quantities of efficient recycling.
High-grade plastics are separated and recycled. These materials are then able to be reused with a huge environmental benefit.
We aim to achieve at least a 3x improvement on the existing 9% average of plastic recycling.
We’ve found a new use for waste plastic and powering gas peaking power plants to generate energy. This system already has significant environmental savings compared to coal and oil. Through gasification of non-recyclable waste plastic residue, we’re creating low carbon, stable electricity supply in flexible energy generation. A market that’s forecast to grow 310% over the next fifteen years.
Plastic Green Power has identified and agreed terms for three sites to develop recycling and energy generation projects. These projects require seed funding to reach financial close. The initial projects are forecast to be commercially viable, today, and are subject to commercial and technical due diligence and funding required to reach financial close.