Australian entrepreneur Priyanka Bakaya aims for new recycling facility in Australia by 2019Posted on December 5, 2017 by DrRossH in Plastic Waste News
The fire destroying SKM Recycling facility in Melbourne last year has paved the way Australian entrepreneur Priyanka Bakaya to open a new recycling facility in Victoria within two years.
“About 300 million tonnes of plastic is produced globally each year, and only roughly 10 per cent gets recycled,” she says.
“We are now living in the plastic age and it is estimated that there will be more plastic than fish in the oceans by 2050.”
“There are over 5 trillion pieces of plastic in the ocean, and we add a staggering 8 million tons of plastic waste to our oceans each year.”
She says plastic waste can sit in landfills for hundreds of years without decomposing. But with Renewlogy’s technology the company can convert every 10 tonnes of plastic to roughly 2500 gallons of fuel.
“It costs roughly $30 a barrel to produce diesel which can be sold for roughly $70 a barrel,” she says.
Such a plant would be great for Melbourne. There is far too much plastic not being reused or recycled in Melbourne but being dumped or littered.