Delta, Kelowna, BC - April 30, 2019 (Investorideas.com Newswire) https://www.investorideas.com, a global news source covering leading sectors including climate change and clean-tech releases today's edition of Investorideas.com Climate Change and CleanTech Podcast - climate news and solutions, stocks to watch plus insights from thought leaders and experts.
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Today's podcast overview/transcript:
Good afternoon and welcome to our first new episode of Investorideas.com Climate Change and CleanTech podcast.
I'm Taylor Van Zant, the host of Investorideas.com Cannabis "Potcast" and your host for today's edition of our Climate Change and Clean-Tech podcast.
Today we are looking at recycling, that thing we all try to do and which is now in extreme peril. A recent report from Global News covered this yesterday and today and is a very sobering read which I recommend looking into. If you don't have time though, the general outline is a lack of buyers for recycled products.
First looking at aluminum which is worth more than paper, plastic and cardboard, and accounts for sometimes up to 25 percent of recycling company revenues.
"Last year this time, we were selling it for about $1,900 a tonne," said Bluewater Recycling Association president Francis Veilleux. "This year, it's closer to $1,300 to $1,400 a tonne."
The situation is even more dire for plastic as China stopped accepting much of the world's recycling at the start of 2018, the market has been flooded with product. The dwindling number of buyers who are left demand only the highest-quality material - and at a fraction of the cost.
Cheap plastic, don't even have buyers anymore. Recyclers are having to pay to get rid of them. And while recycling was never a money-making venture, the business model was feasible.
"Garbage and recycling is the number 1 rising cost that municipalities are facing right now. Higher than police or ambulance or medical or anything else," said Amanda O'Neill, director of the West Yellowhead Waste Resource Authority, which handles recycling for 20 rural municipalities in midwestern Saskatchewan.
nvestorideas think this is "bull$#it" and we can do better.
Here are some companies working on solutions.
Loop Industries, Inc. (NASDAQ: LOOP) focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. It re-polymerized monomers into virgin-quality PET plastic for use in food-grade plastic packaging, such as water and soda bottles, as well as polyester fibers for textile applications. The company was founded in 2014 and is based in Terrebonne, Canada.
Loop recently announced that it has completed a multi-year supply agreement with Danone SA, one of the world's leading global food & beverage companies.
"On behalf of our team, I'd like to thank Danone for their continued support and commitment to Loop, sustainability and the circular economy," said Daniel Solomita, Founder & CEO of Loop Industries.
Another company Danimer Scientific, who is currently a private biotechnology manufacturer that employs 101 people in sleepy Bainbridge, Georgia, partnered with Nestlé (OTC:NSRGY) to develop a bottle made of something other than petroleum-based plastic. The corporate giant, which has a market capitalization of more than $283 billion, sells bottled water all over the world, including the Poland Springs and Zephyrhills brands in the United States.
Nestlé is one of two dozen giant consumer brands gearing up for a full-scale war on single-use plastics. The most recognizable names in food and beverage, home and health care, and beauty and personal care have set the ambitious goal of 100 percent recyclable, reusable and compostable packaging by 2025. But while multinational conglomerates can and do develop new technologies in-house, it's not typically part of their core business, and the bureaucracy inherent in these complex companies can slow the R&D process. For this reason, some of these behemoths are turning to entrepreneurs and innovators offering alternative materials, advanced recycling technologies and closed-loop reusable packaging for help.
"Smaller companies can be more agile and hopefully accelerate the pace at which the technology becomes a product a multinational can use," said Mike Otworth, CEO of Innventure, which specializes in identifying and commercializing disruptive tech. Innventure's portfolio companies include PureCycle Technologies, an advanced plastic recycling startup led by Otworth and, as of March, also a Nestlé partner.
With limited to no buyers of plastic in the market now, smaller tech companies looking for new solutions will be essential in dealing with this global crisis. Investorideas will strive to continue to bring more information on new solutions to the plastic crisis our planet faces, but it is up to all of us to ensure our policy makers and plastic producers do not let this crisis go ignored. For a small glimmer of hope there has been recent strides in the EU which offer some examples of how we can change our future.
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