Probably the only positive thing to come out of the failure of the REDcycle collection and recycling program: the brutal exposure of the glaring shortcomings of plastic waste management in Australia, especially the absence of scalable recycling solutions. Australia produces roughly 2.5 million tonnes of plastic waste every year; 400,000 tonnes of which is in the form of plastic packaging. The country's recycling infrastructure is unable to cope with this volume. In the state of Victoria, for example, less than 16% of plastic waste is recycled and kept out of landfill. The Australian Government aims to achieve an 80% average waste recovery rate nationwide by 2030. Moreover, a 2025 target is the full-scale use of 100% reusable, recyclable or compostable packaging. These targets are viewed as being highly ambitious and unlikely to be achieved. For Paul Wilton, founder and CEO of Plastoil, the answer was obvious: Australia needs new technologies!
We were certain that there is an expanding market for chemical recycling in Australia.
Paul and Arj's passion for the circular economy was already there and did not simply begin with the launch of our partnership. Both of them have been involved in the industry for many years and offer a wealth of experience in all aspects of it. So, it should not come as a big surprise that they will be optimistically forging ahead with numerous projects over the coming months. Another major milestone is an ongoing project in Ararat, Australia: a pyrolysis system designed to process 100 tonnes of mixed plastic waste daily – with an order volume of approximately 100 million euros. The search for prospective investors will be concluded this year, after which the implementation phase can begin. By the end of 2025, we aim to have delivered all the necessary system technology for the Ararat project. Further, Plastoil is on the brink of selling three plastic-to-oil conversion plants. Indeed, this partnership sets high goals – driven by conviction.
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.