Revaluetech has the "main" solution
The Dame Ellen MacArthur Foundation and The Prince of Wales's International Sustainability Unit launched on 18th May a $2m innovation prize calling on companies to create new ways of designing packaging and to find alternative materials to plastic that limits the amount of plastic polluting the oceans. "Choking on plastic we are suffocating our oceans and there will be more plastic waste in them than fish by 2050!" The Foundation estimates that eight million tonnes of plastic enter the oceans each year.
Our aim in 2007 was to develop process technology, which enable inert structurally engineered polymer composite products to be made from mixed plastic packaging waste, in place of tropical hardwood, treated softwood, concrete and metal. They compete directly on price whilst offering considerable further savings in their longer, maintenance free, effective service life to provide exceptional physical and environmental whole life performance. We have achieved our aim in making our automated, high throughput manufacturing technology an economic reality.
In November 2016 Revaluetech was awarded the prestigious Composites UK Environmental Sustainability Award in 2016. In December we were nominated finalists for Business Green Circular Economy of the year 2016. In January 2017 we were awarded The Rushlight Award for Sustainable Manufacturing.
Extensive research has established product markets worth £300 million/annum in the UK alone and £10 billion/annum globally made up from:
These markets offer the opportunity to utilise more than 400,000 tonnes of mixed plastic packaging waste each year in the U.K. alone. Rather than it being landfilled or ending up as litter on land or polluting the sea.
Polymer composite Products made from mixed plastic packaging waste, using Revaluetech Re-Formative Engineering technology achieves a number of key factors:
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