Elementum-EN – KnowHub

Elementum

DESCRIPTION

Elementum has developed a technology for the revaluation of plastic waste by converting it into liquid or gaseous fuels through the installation of portable equipment. This technology increases recycling capacity, as it makes use of plastics that may be separated, mixed, clean, or dirty. On average, about 5.3 liters of water are used in plastic revaluation processes, but this technology does not use water, leaving no water footprint. It also reduces costs for institutions that must comply with the Extended Producer Responsibility (EPR) Law, enacted in 2016.

OPPORTUNITY

The management of single-use plastic waste is a worldwide issue. Global production of these plastics reaches 8.3 billion tons, and Chile contributes almost 1 million tons of waste per year. As only 8% of the total amount of plastics in the country is recycled, tons of waste have given rise to an island of plastic near the northern coast, which was 3 times the size of mainland Chile by 2019.

SOLUTION

Elementum is a portable and easy-to-use modular device that, through a highly efficient thermochemical process (up to 75%), recovers and turns plastic waste into liquid and/or gaseous fuels. It can process various classiﬁcations of plastics, both separately and in mixtures, such as polypropylene (PP), high/low density polyethylene (HDPE/LDPE), and polystyrene (PS).

TECHNOLOGY

Patent Pending Technology (PCT/CL2020/050074) claiming to provide a system for obtaining liquid fuel from waste plastics or polymeric material through an efficient process.

MARKET OPPORTUNITY

Market size: USD 972 million (2019) CAGR (TCAC, en español): 8,2%
Segment: Plastic-to-Fuel (PTF)
Expected market size: USD 1,825.9 million (2027)

BUSINESS MODEL

Two potential business models:

Elementum will manufacture and market portable devices for sale to industries that wish to revalue plastic waste.
Elementum will license the technology to companies with global manufacturing and marketing capabilities.

METRICS

75% plastic conversion efficiency.
90% reduction of gas emissions compared to other thermochemical systems.
No water is used, leaving no water footprint.

contact

Óscar Astudillo | Innovation Coordinator

oscar.astudillo@knowhub.cl

For more details, download the full technology card

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