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Plastic waste mgmt, Financial viability, Benefits/outcomes, Waste to value…
Plastic waste mgmt
Examples
Protoprint India: empowers urban waste pickers with the technology to ethically produce fair trade 3D printer filament from the waste plastic they collect.
COREC, Kenya
recycle waste plastic into building material and sell the hardware to developers whose problem is high material cost by providing affordable and durable construction products.
They are ideal for fencing on farms, homes, national parks, forest reserves, and commercial places.
Recowa Ghana: uses waste to produce high quality fashion-driven goods for both the local and international fair trade markets while improving the quality of life of the urban poor
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Financial viability
Cost incurred: Salaries to collectors, recyclers, training workforce, transportation & handling of waste, renting warehouse
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RECNOWA sources the raw materials for free from households. Therefore, the cost of products made after recycling is always lower than that of competing conventional goods.
Triciclos: USD 1.4 million in revenue, generating a profit of 8% of sales and a 30% return on capital in 2012
Financial viability dependent on global economics of oil production - when oil prices dip, the price of plastic resin follows. hence it is cheaper for manufacturers to buy virgin plastic than to buy recycled plastic
Customer perception towards purchasing recycled products dictates the potential to generate revenues; enterprises must therefore invest heavily in designing and marketing of recycled products to consumers
Benefits/outcomes
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Reduces pollution, wastes
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