- How the world views plastic
- Single-use
- Disappears when we’re done using it
- What plastic actually does
- Sticks around in landfills for millions of years before it degrades
- Washes into oceans and disrupts ecosystems
- Metro Manila: 1360 tons/day = 260 Full-Grown African Elephants/day
We are approaching the problem the way that the problem is approaching us
- People
- Impacting the Environmental degradation
- Negative health impacts
- Opportunity lost
- Plastic Waste
- Collecting, Sorting & Throwing Away…
- Plastic is a byproduct of crude oil
- Industrial production produces plastic waste that reaches the hands of:
- Retail consumers
- Who have no collective agreeable incentive to recycle their plastics
- This is because these consumers
- Can not see the continued value of their plastic waste
- This is because these consumers
- Who have no collective agreeable incentive to recycle their plastics
- Business consumers
- Who do have a collective agreeable incentive to recycle their plastics
- This is because these consumers have the
- Centralized ability to take advantage of the monetary value of plastic waste
- Ability to see the degradation of their plastic products over time
- This is because these consumers have the
- Who do have a collective agreeable incentive to recycle their plastics
- Retail consumers
- Industrial production produces plastic waste that reaches the hands of:
Insignificant
- One plastic bottle is insignificant
- Many plastic bottles becomes an emergent crisis
- Good: people like us
- B2B is established and effective
- With industrial scale recycling, economies of scale come into play and the efficiency and lower price enable effective recycling to generate a profit
- But B2C is an entirely different animal that Plastech is seeking to tackle
- Rather than the centralized and aggregated waste streams of businesses, consumers have a very decentralized waste plastic stream which can be difficult to tap into on a larger scale
- This provides an opportunity for localized workers and facilities to process plastic waste on a scale that is able to make a real difference directly within communities while generating a profit for the various stakeholders involved