Friday, October 11, 2019

Waste plastics and Renewology ..

When the Australian American Indian of Kashmiri descent, MIT alumnus and Renewology co-founder and CEO Priyanka Bakaya told the world the mounting plastic wastes problem of the world cannot be solved just by reducing and reusing, the world paused to look at what she had to offer. 

Renewology and Priyanka, Entering a circular economy for plastics  .. 
Bakaya feels reprocessing plastic wastes of all types and forms, into fuel, especially Diesel, with conversion ratios of 60 barrels of Diesel for every 10 tons of waste plastic from land and the oceans, (with 75% less Carbon footprint over conventional oil processing) can only help solve the world's mounting plastic wastes crisis. 

60 barrels of diesel (1 barrel =159 litres) is 9540 litres. Diesel, @ INR 70/litre, it is INR 6,68,000 revenue from every 10 tonnes of waste plastic.

20% of waste plastics is used as initial fuel to energise the process while 5% turns into char. The rest 75% is what is converted to Diesel, so in effect, this is a self-sustaining model ..

Besides the many land-based waste plastic processing centres in US, the first water-based waste plastics collection and conversion centre is fortunately and sadly on the world's most polluted river, Ganges at Varanasi, India. 

Finally MIT is showing the world how it can bring effective, self-sustaining,  innovative, lasting solutions to pressing problems of the world.. 

Will this be a game-changer finally ?

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