RECYCLE ALL OF PERU’S BANANA PLASTIC
DOING NOTHING IS NO OPTION
ECOBAN’s efforts, even if it succeeds in realising its ambition to recycle all of Peru’s banana plastic (roughly 400 tonnes), is a drop in the ocean. Two more recycling plants are expected to start operations this year in the Dominican Republic. In Costa Rica, the large recycling plant RECYPLAST has been clearing banana plastic for years, in Nicaragua and Ecuador there are smaller initiatives, but a global overview of what is happening with the banana plastic is lacking.
Doing nothing is no option. Initial projections show that ECOBAN has the potential to be competitive and profitable, with opportunities to use its revenues to expand plastic collection capacity, install more recycling lines and produce and sell more corner boards.
Like greedy cooks in the kitchen, we are now scouring around for more recyclable ingredients! We will be looking into other plastics, like plastic bottles, for raw material. If that works, the municipality of Sullana could initiate waste separation and the resulting corner boards could be sold on to other export sectors in northern Peru. There is definitely a market for this product: approximately 200 companies are active in the production and export of delicate products such as mango, grapes, avocado, blueberries, limes and sweet potato.
We see a lot of opportunity here for other products as well: recycled plastic can be put to excellent use in planks, poles for fences and other building materials.
ECOBAN HAS THE POTENTIAL TO BE PROFITABLE, INSTALL MORE RECYCLING LINES AND PRODUCE AND SELL MORE CORNER BOARDS