
In the current situation, each year, the average EU citizen produces from 65 to 75kg of plastic waste, which amounts to 34 million tons of plastic pollution. To understand oil import quantities, last year the EU imported 400 million tons of crude oil, from which petrol, diesel fuel, other chemicals, and over 6,000 products that support our citizens' daily life are made. On the current situation, these are the EU figures for plastic waste: Recycled plastic (28%) 9.5 million tons, incinerated (37%) 12.5 million tons, landfilled (20%) 6.8 million tons, and exported out of the EU (15%) 5.2 million tons. On average, from one ton of plastic, we can make 0.5 to 0.8 tons of pyrolysis oil, 300 to 600 m3 synthesis gas, and 0.1 to 0.2 tons of carbon black. The gas produced from plastic supports the operational work of the recycling systems. The rest of the products, such as pyrolysis oil and carbon black, could be used to support the circular economy in the future. Our technology, for example, could solve 50% of the EU’s waste plastic market problem, helping to reach zero waste on exports and in landfills.
What benefits and products could we get when we recycle 17 million tons of plastic waste into pyrolysis oil and carbon black? So, we would get between 8.5 and 13.6 million tons of pyrolysis oil worth 5.2 to 8.38 billion EUR, which could be transformed into chemicals worth 8.6 to 14 billion EUR, not including carbon black, which can be used for roads and new rubber product production. The carbon black output would create 1.7 to 3.4 million tons of carbon black, which would provide us with added financial value of 1.93 to 3.9 billion EUR, and in total would support our economy with an additional 10.4 to 18 billion EUR turnover with an income rate of 60%. On top of the huge income stream, we would have no plastic at the landfill, CO2 emissions from waste transportations and raw material imports would be reduced by up to 70%. For all that, we would need to produce just 680 units of Factor 3000 and Precision Vac 400 that are worth 2.17 billion EUR, which could return the financial investment in one year if invested in full-scale development. In the slow development phase, starting with just twelve units per year and doubling installation around the EU each year, it would take approximately six and a half years to solve the plastic waste problem in the EU territory.