The world’s first facility to convert plastic waste into wax has opened in Co Laois following a €12 million investment by backers including Dublin investment company Towerview. Trifol produces ecofriendly wax from 100 per cent plastic waste. The product, EnviroWax, removes up to two tonnes of plastic waste for each tonne of wax produced. Global shiftThe company can process more than 50 per cent of all plastic waste including polyethylene, which makes grocery bags and shampoo bottles, and polypropylene, which is used for plastic parts such as in the automotive industry. Only about 9 per cent of the 350 million tonnes produced annually is currently recycled.

Source: The Irish Times July 16, 2019 10:41 UTC