Multi-Billion Dollar Opportunity in Plastic Recycling
By San Jose Mercury News- Published on October 26, 2017 by San Jose Mercury News
A 2016 report from the World Economic Forum shows that the plastic recovered and reused (about 14%) represents 36% of the original value. If end-markets are established to create demand for plastics in their “afterlife,” the forum set a theoretical EU and North American value of US$93bn-140bn. On very rough GDP calculations, Australia should be seeking an industry in excess of $3.6Bn AUD, and that is based just on the value of the recovery of resources in-country. If you compound that with technology, machinery and know how which can be transferred to much of Asia, the value will be considerably larger.
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