McKinsey & Company predicts that in the year 2030, 560,000,000 tons of plastic will be used in the world. About 120,000,000 tons is for long-term use, such as the plastic used in cars. The remaining 440,000,000 tons of plastic are consumer plastics such as plastic packaging.
Often, plastic has a negative impact on the environment at the end of its life.
The plastic then ends up in a waste incineration plant that emits CO2 or simply in the environment. In order to create a sustainable world, it is essential that the plastic is reused and the current linear fossil-based life cycle of plastic is made highly circular.
OBBOTEC wants to make a significant contribution to the high-quality circularity of bio and plastic waste streams. In this process, OBBOTEC focuses on the waste streams that consist of plastics (PP & PE) and non-recyclable mixtures of biomaterials and plastics. Incinerating plastic is bad for the environment as CO2 is emitted, and it provides limited energy yields. Moreover, the source material is lost. OBBOTEC's technologies are a more sustainable alternatives and therefore contribute to a circular economy and a greener world.
To meet the goals of the Paris Climate Agreement, a combination of many different initiatives is needed. OBBOTEC believes that the necessary technologies to address the energy and materials transition are currently available, and it would be possible to achieve the Paris 2050 targets by 2030. SPEX and HydroCat are part of these technologies. In our opinion, what is lacking is priority, decisiveness, and cooperation. OBBOTEC aims to build a coalition to accelerate the energy transition by promoting this vision and connecting as many partners and technologies as possible. This is called PACT 2030; Partnership for Accelerated Carbon Transition.
PACT 2030 is an initiative with other companies who share a joined vision on the energy transition based on the integration of key technologies, full circularity of carbon, negative emissions, and cooperation between sectors.
PACT 2030 believes that the energy transition:
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