Greenback Recycling Technologies

Startup data

  • Name / Greenback Recycling Technologies Ltd.

  • Foundation year / 2018

  • Location / United Kingdom

  • Website / Link here

  • Value chain / Packaging

  • Stage in the value chain / Recycling and second life

Startup Description

  • Scope of activity / Technology development

  • Description of the activity / Recycling and second life

    Greenback removes hard-to-recycle flexible plastics from the environment and creates a circular market by providing irrefutable proof of waste neutralization. Greenback brings together the plastics value chain to create projects which serve the needs of the CPGs. Two complementary, cutting-edge and unique technologies allow us to extract value from hard-to-recycle plastic film on a decentralized, local level, while creating a paradigm shift in transparency of the process and eliminating fraudulent claims: (1) Enval®, our unique modular plants that use microwave-induced pyrolysis, produce π-Oil™, a feedstock for making new plastic, and also recover aluminium from complex packaging if present; (2) eco2Veritas™, our waste-to-product circularity platform, gathers evidence using IoT and AI and certifies neutralization of waste and production of π-Oil™. Immutable proof of circularity is provided in the form of digital tokens for every tonne of material used and produced.

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