A new report recently released by the Center for the Circular Economy, a project of Closed Loop Partners, surveys the current landscape of technology providers focused on converting waste plastics into a variety of safe and high-quality materials, as well as the scale of opportunity for these providers to meet the demand.
The work of ISTC researchers BK Sharma and Sriraam Chandrasekaran are included in the report’s technology profiles appendix. They recently developed an energy-efficient and environmentally friendly process that separates mixed polymers so that they can be recycled into new, high-quality plastic products. They published their results in the journal ACS Sustainable Chemistry and Engineering. The research was funded by HOBI International and the Hazardous Waste Research Fund.
The report strongly encourages stakeholders to invest in new technologies related to plastics recycling, an area with potential revenue opportunities of $120 billion just in North America .