ABOUT THE PROJECT
The plastics industry accounts for nearly 5% of global CO2 emissions. A small fraction of plastic waste is recycled globally, while the United States recycles plastic at a rate lower than the global average. On top of that, much of the plastic sent for recycling today ends up in landfills, in oceans, or it gets incinerated, adding to CO2 and particulate emissions. Better recycling processes could significantly improve these statistics.
MacroCycle believes that chemistry holds the key to enabling fully circular plastics. With their patented technology, Macrocycle synthesizes plastic waste into virgin-grade recycled plastic. Their process uses substantially less energy than traditional plastic recycling processes and can be powered with renewable energy to achieve zero carbon emissions.
By closing the supply chain gap between waste collectors and plastic using brands, MacroCycle’s technology has the potential to substantially reduce or eliminate Scope 3 emissions from plastics, plastic disposal into the environment, and the use of fossil fuels for plastic production.