Periodic Reporting for period 1 - REMAT (A new patented technology to turn currently non-recyclable waste into recyclable composite products for a truly circular economy)
Berichtszeitraum: 2019-04-01 bis 2019-07-31
Sorting and separating the millions of tons of waste received every year into these mono-streams is a costly process and often requires intensive, manual labour and more often is simply not technically feasible. For this reason, the majority of waste to date continues to end up in landfills, pollute waterways and coastlines and causing health problems in local populations. In January, China, and other Asian countries following en suite, have decided that they have reached their tipping point and have begun sending shipping containers full of thousands of tons of trash back to the countries where it came from.
There are now billions of tons of waste piling up in recycling centres across Western nations that now need a place to go and Wimao has the answer. Wimao has invented a technology to turn plastic waste, even in mixed forms, into a wide array of versatile products again. We have set up a pilot REMAT facility that started production in January 2019 turning mixed plastic waste into, amongst others, into half-euro pallets and decking tiles.
The main objectives of this project are to prepare ourselves to treat more types of waste with our technology by designing a prototype version of the evolved technology. This plant will be 100% automated, have full quality control, be capable of treating 4X more waste, and be capable of turning new waste streams into new types of composite products.
We have also identified the future development needs/the main adaptations needed to our line to be able to address these user segments, both the ability to process larger 3D products and better treatment of household plastic waste. We have also identified the adaptations needed to treat new types of waste and completely automate the process. In addition we identified the key commercial and technical risks to reach our goals, updated our business plan and put together a concrete Communication Plan with four key dissemination activities to undertake during the next stage.
We will also continue to innovate new adaptations of our technology to better process waste streams and process completely new types of waste streams to continue to contribute to the global waste challenge.