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Thursday, August 12, 2021 3:15:13 PM
However, there are a number of competing solutions to processing plastics. Grade 1 and Grade 2 plastic scrap can readily be repurposed as a recycled feedstock it if is clean and sorted.
It is the other four grade plus the mixed Class 7 that pose a challenge. In doing some reading, I can find two other NA equipment providers that can do all grades of plastics into a tank ready fuel or power. Well funded Agilyx, for example, can take a small amount of undesirable grades any make something from it. There are other systems out of Europe than can use plastics and other wastes that can transform them into useful energy.
All of these system providers can do so with emissions less than world, national or local limits.
Perhaps we should be asking what can our Company do to get some of the potential contracts? There is ample waste and a growing number of proven and commercialized providers. What do we do that is materially ahead of the competition? Once the four LOI's are converted from an LOI to funded contracts where equipment can produce environmental and economic benefits, we have some standing in a growing market with more solutions.
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