I launched Re-Manufacturing Technologies Inc. earlier this year, under a licensing agreement with Rutgers University, to commercialize a novel green technology being developed to blend waste latex paint with recycled plastics to create more usable polymers. Since then, I've been tracking trends, and read with great interest the May 21 Plastics News article on Page 1, “Low supply stymies recyclers.”
The demand for recycled resins will continue to grow exponentially as more manufacturers and retailers ride the sustainability wave created by the likes of Wal-Mart Stores Inc., Home Depot Inc. and General Electric Co., and as more consumers care about global warming and seek products and packaging that spare our environment.
The current shortage in recycled resin can only be exacerbated by the demand for oil that “is rising twice as fast as a year ago,” according to the June 22 Wall Street Journal article, “Robust oil demand fuels prices.” That will undoubtedly push prices higher, as could any other trigger that threatens the flow of oil, be it “a Gulf of Mexico hurricane to turmoil in the Middle East.”
It is now more important than ever to ensure that national, state and local initiatives to reinvigorate recycling promote more plastic container and bottle recycling.
Even with that renewed effort, we'll still be challenged to keep up with demand, especially if voracious global markets, such as China, keep importing so much of our supply away from the United States.
The RMT and Rutgers team have an innovative solution of blending recycled latex paint and plastic together that, when commercialized, would help to increase the supply of high density polyethylene by 20 percent, while keeping more recycled resins and paint in use, thus diverting them from the landfill.
Since RMT's March launch, we've been in ongoing dialogue and meetings with global and U.S.-based paint, plastics and chemicals manufacturers, plastics recyclers, government funding sources and venture capital firms, and continue to seek the right mix of financial resources and business partners to move this technology forward as quickly as possible.
East Brunswick, N.J.