Have you ever thought about what happens to your old toothbrush? Reuse is out of the question. Nevertheless, it can become a toothbrush again, or a watering can, or trainers or an eraser. That's the circular economy. I learnt how it works on a field of sunflowers. In Bulgaria.
In 2014, I stood with a Bulgarian farmer on his land 12,000 hectares stretching out in front of us. He wanted to grow sunflowers for oil production. His problem: the weather. Bulgaria has hot summers and little rain. Without water, there's no harvest. The existential problem of all farmers. To solve it, fields have to be irrigated. That costs energy. And that is in short supply in Bulgaria.
Here in Switzerland, in rural Appenzell, I come home in the evening, flick the switch and there's light. It's different in Bulgaria. There, it's normal for the power to go off for longer periods of time. Together with engineers and chemists from the University of Sofia, I worked with Stefan Abele on a test facility, which is produces oil from plastic waste by means of thermolysis. To help the farmer, we wanted to use our process to generate energy.
Nothing is waste. In a closed-loop system, everything is a form of raw material.
Nobody would describe a solar cell as a pipe dream today.
You may remember how the first solar cells were ridiculed and their economic viability questioned. Today, nobody would describe a solar cell as a pipe dream. In Germany, 12 per cent of the electricity generated has been produced by photovoltaic technology. But the journey from the invention of photovoltaics (1839 by Alexandre Edmond Becquerel) to market maturity took almost 200 years.
I know from my own experience that innovative technologies also need external support. In the case of solar cells, support came in the form of subsidy programmes after the oil crisis and the nuclear accidents in Chernobyl and Harrisburg. Thanks to several amendments to the Energy Act, the use of photovoltaic systems has continued to increase since 2003.
We are following the revision of the Environmental Protection Act (EPA) with great hope.
Our technology, which enables the chemical recycling of mixed plastic, also needs this kind of support. Here in Switzerland, we are following the debates on parliamentary initiative 20.433 "Strengthening the Swiss circular economy". It was submitted in May 2020 and is intended to contribute to the revision of the Environmental Protection Act (USG).
Aktien können wir aufgrund der rechtlichen Bestimmungen nur an Personen, mit einem Wohnsitz in der Schweiz oder Liechtenstein verkaufen.
Due to legal regulations, we can only sell bonds to persons domiciled in Switzerland, Germany, Austria or Liechtenstein.
The road to a circular economy for plastics is a long one. However, we are not travelling this path alone, but together with you. Celebrate with us when we come one step closer to our goal.
The road to a circular economy for plastics is a long one. However, we are not travelling this path alone, but together with you. Celebrate with us when we come one step closer to our goal.