We B2B Model targeting companies that need to be accountable for the plastic waste they generate (through Extended Producer Responsibility or Corporate Social Responsibility schemes). They currently do not have complete control/monitoring of the recycling interventions and thus cannot transparently share sustainability efforts with customers. They see our solution as a mean to implement their sustainability plans that can be shared with consumers in a trusted way (the blockchain enables full traceability). We partner with Collectors (fishing vessels), NGOs and Recycling facilities.

Parsec Accelerator (2020) helped us reach TRL 4, InnovationLabs Accelerator(2021) to build the MVP that was validated with relevant stakeholders during the Climate-KIC Black Sea ClimAccelerator (2022- TRL5). Our main challenge now is to increase the model’s accuracy by merging EO data with ground-truth data and wind/water currents data and validate our solution in a first end-to end intervention.

Recycllux has a B2B Model targeting companies (plastic polluters). Using Recycllux, they will fund the collection, delivery, and processing of plastic waste and enable EPR or CSR schemes to counterbalance the equivalent amount of plastic pollution emitted into the environment. Working through partners to collect and recycle, and tracing the full process, allows the company to monitor & evaluate operations through rigorous standards of measurement, enabling transparent communication of impact to the individual or organization going Plastic Neutral. The data is stored in the blockchain offers a full history of all items in the plastic waste management chain, enabling full Chain of Custody of the marine plastic from collection to recycling.

Revenue streams: Transaction fee per intervention – 5-10% depending on the size and complexity of the intervention.

Recycllux can be easily adapted to provide value to different sectors and industries.

Recycllux has a replicable business model. Due to proximity, we are initially targeting the Black Sea basin, where we have engaged with the relevant stakeholders to ensure commitment and support through the deployment of the marine plastic litter collection and recycling interventions. As the EO data becomes useful only when analysed together with ground-truth data and turned into information and knowledge (we develop basin specific datasets to be used as training data for the ML algorithm to develop a classifier that can automatically map and add information on the specific waste accumulation), we have an alliance signed with NGO Mare Nostrum to have access to the ground-truth data for the Black Sea. Partnerships for the collection and recycling of plastic waste are also in place for Romania. However, the model can be extended to cover other European or Worldwide basins trough the engagement with the specific local stakeholders (for ground-truth data, waste collection and recycling).

Recycllux has a sustainable business model focuses on adding value to stakeholders, the environment and society. The companies’ ability to demonstrate the positive social and environmental impacts of their operations and to trace the flow of marine plastic waste recycling will be critical to the development of the emerging socially responsible plastics sector and avoiding critical consequences. If no urgent action is taken, approximately 36 million tons will enter the marine waters each year in 2040. Marine plastic litter degrades and breaks down into microplastics that are found plastic debris as far as 11km deep in 88% of the marine waters’ surface. Marine animals, marine biodiversity are the immediate and visible victims of plastic pollution, and more than 1.5 million marine animals die every year: strangled, suffocated, starved, fatally injured. Furthermore, the plastic micro-particles also contaminates marine food chains and have serious human health consequences.