This company manages plastic waste by collecting PET, HDPE, and LDPE plastics through a network of collectors in Cameroon. The collected materials are sorted, washed, and processed into flakes and PET straps. These recycled raw materials are then sold locally and internationally to support a circular economy.
Funding
$3.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The accumulation of plastic waste, particularly polyethylene terephthalate (PET), high-density polyethylene (HDPE), and low-density polyethylene (LDPE), poses a significant environmental threat due to its slow degradation and contribution to pollution. Traditional waste management systems often lack the infrastructure and processes to effectively recycle these plastics, leading to landfill overflow and environmental damage. This problem is especially acute in regions with limited resources and developing waste management infrastructure.
Solution
NAMé Recycling addresses plastic waste by collecting and processing PET, HDPE, and LDPE plastics, transforming them into valuable recycled raw materials. The company establishes collection networks involving informal collectors and businesses to gather plastic waste from households, businesses, and municipal collection centers. Collected plastics are then sorted, washed to remove impurities, and processed into flakes and PET straps. These recycled materials are subsequently sold on local and international markets, providing manufacturers with sustainable alternatives to virgin plastics and promoting a circular economy.
Target Audience
The primary customers are manufacturers in local and international markets who require recycled plastic raw materials for their production processes.
Features
- Collection of PET, HDPE, and LDPE plastics from various sources, including households, businesses, and collection centers.
- Sorting of collected plastics by type to ensure proper processing.
- Washing process to remove impurities such as labels, adhesives, and dirt.
- Shredding of plastics into flakes for further processing.
- Production of PET straps from recycled plastics.
- Sales of recycled plastic flakes and PET straps to local and international markets.