Plastic Waste to Energy (Pty) Ltd (Accelerator)

Funding Details
Awarder
PlugAndPlayTechCenter
Date Award
May 15, 2024
Funding URL
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Company Info
Company Description
Plastic Waste to Energy (Pty) Ltd (PWTE) is a South African based company that is dedicated to solving the global challenge of waste plastic in the environment. The problem of waste plastic has a detrimental impact on the health, social and economic of a country. Putative solutions such as landfill and incineration bring with them their own environmental negativities. There is an alternative solution, however, and that solution provides highly scalable investment opportunities. The company’s vision truly reflects the nature of the business, to become a key enabler globally in transforming waste into a valuable, cleaner, and usable resource by minimizing the impact on both the economy and environment. PWTE plan is to establish a plastic pyrolysis plant which can turn waste plastic into a reusable and valuable resource, lowering our dependency of fossil fuels, which are the main source of raw materials in plastic production. Using proven technology, the company intends playing a vital role in dealing with the plastic challenge, locally and globally.

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