Periodic Reporting for period 1 - REMAT (Unique patented technology for recycling mixed plastic waste and other hard-to-recycle waste streams to REMATerialize them to valuable products)
Reporting period: 2020-03-01 to 2021-02-28
Wimao’s recycling technology gives second life to these plastic waste streams in the form of new composite products that have the same properties as the billions of cubic meters of products manufactured every year from virgin raw materials. WIMAO is uniquely positioned to create a new standard operating mode for the recycling industry because we have the technology versatile enough to handle the volumes of waste that Material Recovery Facilities (MRF) collect, exactly as they receive it, without the need to separate waste streams, effectively surmounting the key barrier for recycling. Our technology is a radically new opportunity to push Europe towards its circular economy.
We have set up a pilot REMAT facility that started production in January 2019. We are turning mixed plastic waste that is not wanted by the plastic recycling industry and wood waste into, composite products. Now we are developing the next generation of our technology to
Consistently process new types of challenging plastic waste streams and in greater quantities
Manufacture larger and more complex composite products to open up new user segments
Create automated process controls to accommodate fluctuations in waste materials
Set the stage for licensing our technology"