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This alternative energy company is turning plastic back into crude oil

Today's Financial News - Posted August 19, 2008

"What if we could create something even more valuable out of our plastic waste, such as clean, renewable fuel? A movement like this would throw ideas about conventional recycling out the window." — Greg Guenthner

by Greg Guenthner

Baltimore — (TFN): As a nation, we recycle almost 33% of our waste — a rate that has doubled in just 15 years. According the EPA, The U.S. now recycles 52% of all paper, 31% of all soft drink bottles, 45% of all aluminum cans, 63% of all steel packaging, and 67% of all major appliances.

Recycling has infiltrated every aspect of modern life in the United States. Municipal recycling centers and curbside pickup — once considered a luxury available only in the most progressive cities—has become commonplace throughout the nation. Businesses are encouraging employees to recycle, and more retail and supermarket chains are going green every single day.

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Obviously, this is progress. But much more needs to be done. Take plastics, for instance. Almost 30 million tons of plastic made the trip to American landfills in 2006. In that same year, the U.S. generated 14 million tons of plastic soley for use in containers and packaging.

But what if we could create something even more valuable out of our plastic waste, such as clean, renewable fuel? A movement like this would throw ideas about conventional recycling out the window.

This advanced technology is no longer science fiction. One microcap has developed a reliable, scalable method for recycling plastics — and it’s not used to make trendy reusable bags to take with you to the library. Amazingly enough, the process turns waste plastics into valuable crude oil. Read on to learn more.

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