Waste Plastic to Fuel

Waste Plastic to Fuel

Fuyang, ChineSan Jose, États Unis
Organization type: 
for profit
Project Stage:
Growth
Budget: 
$500,000 - $1 million
Project Summary
Elevator Pitch

Concise Summary: Help us pitch this solution! Provide an explanation within 3-4 short sentences.

PolymerGreen provides an innovative technology to turn any waste plastic into high quality fuel at low cost with no pollution. The technology will soon benefit 10 million residents in Fuyang City area, China and expand to be a national program with its high environmental and economic viability.

About Project

Problem: What problem is this project trying to address?

In China, 26 million tons of waste plastics are being landfilled, burned or simply washed down rivers every year. In Fuyang, 400 paper mills are generating 2,000 tons of waste plastic daily. 10 million local and downstream residents are suffering from resulted environmental and health problems, despite the hidden value of over seven thousand barrels of oil. We need an eco-friendly and sustainable solution to the waste plastic problem.

Solution: What is the proposed solution? Please be specific!

Combining proprietary catalytic techniques with internal energy circulation systems, PolymerGreen’s technology converts all types of waste plastic to fuel cost‐effectively without pollution. We will build plants near highly populated cities. Through strategic partnership with waste plastic suppliers and fuel consumers, we create a win-win situation for all stakeholders including the local residents. Specifically, we will collect and process the municipal and industry waste plastic from local communities and factories, and sell the fuel products to the refineries. Our projects have a 47% profit margin and operate on modular production lines, each with a capacity of 20-tons/day, and can be easily scaled up or expanded to new regions.
Impact: How does it Work

Example: Walk us through a specific example(s) of how this solution makes a difference; include its primary activities.

400 paper mills located in Fuyang city are generating 2,000 tons of waste plastic daily. 30% of them used to be sold to illegal granulation facilities, leading to various pollution problems. Since our pilot plant was established in December 2011, we have been purchasing and processing 3% of them, alleviating the pollutions. This percentage number is increasing every day. For the rest 70% of the waste plastic being landfilled illegally, PolymerGreen is initiating a waste management program - sorting out paper and waste residue to maximize the value through deep processing, and treating the waste water and gas to comply with the national environmental standards.
Sustainability

Marketplace: Who else is addressing the problem outlined here? How does the proposed project differ from these approaches?

The mainstream ways of handling waste plastic in China are through landfill, incineration and granulation, causing severe environmental problems such as soil and groundwater contamination and air pollution. Our innovative solution is clean and effective, and generates new values from low-quality waste plastic that could only be landfilled otherwise. Our suppliers agreed to pay us the amount equal to the landfill tipping-fee, increasing the sustainability of the project. Our cost of a barrel of oil is $39, 40% lower than that of the emerging US techniques and 60% lower than OPEC’s price.
About You
Organization:
PolymerGreen Corporation
About You
First Name

Yiming

Last Name

Wu

About Your Project
Organization Name

PolymerGreen Corporation

Organization Country

, CA, San Jose, Santa Clara County

Country where this project is creating social impact

, 10, Fuyang

How long has your organization been operating?

1‐5 years

The information you provide here will be used to fill in any parts of your profile that have been left blank, such as interests, organization information, and website. No contact information will be made public. Please uncheck here if you do not want this to happen..

Your Solution
Founding Story: Share a story about the “Aha!” moment that led you to get started and/or to see the potential for this to succeed.

In the winter of 2011, I was disturbed to see women hand picking zip-top cans, children playing around "waste mountains", and people getting sick from polluted drinking water in Fuyang, a city with paper making business for thousands of years. Tons of waste plastics, mixed and un-sorted, are disposed directly in landfill, creating environmental and social problems. I sat down with different interest groups and realized the need of residents to be healthy, the need of paper mills to reduce waste, and the need of energy to power the economic development. With our expertise in catalytic pyrolysis and mechanical design, we could develop a system that meets the needs of all parties. This was the beginning of my journey to solve the problem.

Select Sector(s): To which of Unilever's categories of sustainability does your solution apply?

Waste.

Measurable Impact
Audience: Who have you identified as your customers/recipients and why? How will you get your solution to them or engage them in your initiative?

Because our end product is oil, our customers are refineries and fuel consumers, who are attracted by our competitive oil price. Our solution also serves the plastic suppliers like the paper mills in Fuyang. We will purchase plastic that would otherwise be sold for highly polluting granulation. For the remaining low quality plastic, the suppliers will pay us to process them at a price lower than the landfill tipping-fee, thus minimizing financial burden while complying with the law.

Impact: What is the impact of the work to date and expected impact in the future?

Our pilot plant is benefiting ten million residents in Fuyang area both socially and economically: in the past seven months we have collected and processed 4,200 tons of waste plastic thus improving the environment, and produced 2,000 tons of oil to mitigate the fuel shortage.
As we scale up our production, we would like to capture the value of waste plastics generated from both industry and households. The implication of our demand for waste plastics is a new industry to sort garbage and collect waste plastics at the source level. In extending our influence to households, we will work with local governments to develop and implement single-stream recycling programs in living communities and lead the behavioral changes through educational programs. We will continue expanding our positive social impact by offering tours and presentations in our facilities to general public.

Growth, Finance & Leadership
Scaling the Solution: How do you intend to scale your activities over the next two years (e.g., reach new markets, diversify solutions, etc.)? What will make this possible?

We have successfully applied our technology through partnership to a pilot plant, which converts 20 tons of waste plastic to 12 tons of oil daily in Fuyang since December 2011. Next, we will establish our first commercial plant in the same area with four-fold capacity. We have been negotiating with local paper mills and construction companies, and already signed a letter of intent with Fuyang Xianglong paper mill and a construction contract with Zhejiang Industrial Equipment Installation Group Co., Ltd. We are also exploring opportunities in other cities for future expansion, such as Chengdu, where we have formed partnership with a local municipal waste collector; and Yancheng, where we have built strong relationship with local government.

Financial Sustainability: What is your business model to ensure financial sustainability?

We will build, own, and operate commercial plants in areas with stable waste plastic supply from waste management companies, industrial producers, and post-industrial producers, and sell our final oil products to fuel refineries and consumers. We will reduce risks by leveraging government support and pursuing partnerships with venture capitalists, EPC (engineering, procurement and construction) contractors, and waste plastic suppliers.

Experience: Please provide examples of any previous entrepreneurial initiatives you have pioneered.

I was a consultant to an Indonesian car products provider through MIT Global Entrepreneurship Lab; developed a modular baby carrier for urban public transportation; created commercialization strategy for a research project from MIT Lincoln Lab in partnership with Comcast Sports Group; developed a global growth strategy for an Argentine start-up; founded a social venture DevTech Hub in Israel to implement technologies to solve world problems.

randomness