During the phase 1 project we deeply analyzed the potential grow of ChemPET project. The PET market, recording a 5% growth each year, impose to the various stakeholders to pay close attention to the issue of its sustainability; policy makers are pushing to raise up the recycling rates by upgrading the disposal collection and increasing people’s sensibility in environmental aspects.
Its mechanical and chemical characteristics and its recyclability, not only in the packaging market but also in textile one, put the PET in the position of achieve ever greater market share; it is estimate that the ChemPET development – in terms of ton of waste recycled - will grow at a rate higher than the market demand.
ChemPET team focused the attention on the industrial deployment of the project; we decided to split the industrial application in different step to better suited the developing of the technology, to achieve an higher quality output material. In the beginning, we will process waste coming basically from post industrial users, with medium rate contaminations, but higher value added thus no recycle is applicable at this moment; the second step will improve pre-treatment process allowing ChemPET to use waste coming also from post-consumer users.
The team also performed a technical engineering layout with potential supplier that can follow ChemPET business idea and customize the requested equipment. In this field the 20-years Garbo experience in chemical plants based all the technical study.
On the commercial and financial field the team performed an analysis of the competitor and FTO analysis knowing that ChemPET technology is few steps ahead of the main competitors and the PET recycling is having a huge concernment in chemical industry. In phase 2 budget Garbo will allocate resources to patent the technology developed in these years.
Concluding the analysis ChemPET’s team discovered that many projects are in developing for determine a solution to plastic waste issue, but ChemPET is the only real industrial application that can boost the markets issue giving to policy makers a true industrial solution for a problem that is feel as a global riddle.
