Product Development

Company Development Path

Please see below a brief summary of our development path listing achievements, current undertakings and next steps planned

What We’ve Done

Research & Development on most common plastic waste streams and combinations, with various contaminants
Half commercial scale prototype PlasTech Mixer Melter (PMM) built and operated to prove the capability of PlasTech’s PolyWaste Technology
Manufacture and successful field testing of moulded products from co-mingled and contaminated waste plastics
Patents granted in key countries
Additional patent lodged to further secure the original patent and provide coverage in additional countries not covered with the original patents
Fully automated, commercial scale PlasTech Mixer Melter design and engineering package funded and completed
Secured sufficient investment to reach initial goals and create a broader shareholder base
Demonstration Video/s created and promoted
Website Constructed
Implemented Joint Venture partnership with a Dutch based consortium to perform further R&D programs with waste textiles and other specific local waste streams in the EU
Exported Prototype PMM to Netherlands JV
First Commercial PMM sold and to be installed in 2023
PlasTech has conducted a testing program funded by the Alliance to End Plastic Waste (AEPW) www. endplasticwaste.org an organisation funded by all the major plastic resin and plastic producers, to evaluate the PlasTech claims melting of commingled contaminated plastic. The AEPW was not aware of any other technology that claimed to do this. The independent AEPW testing proved to be very successful at processing a wide variety of mixed soft and rigid waste plastic combinations. PlasTech is ready, willing and able to assist the AEPW with future projects designed to clean up the environment and divert the waste plastic material away from end of life programs such as landfill or waste to energy.

What We’re Doing

Strategy and funding for both Licensor and Joint Venture commercialisation models
Ongoing training of an Australian resources employed by the above JV who will reside in the Netherlands to install/operate the demonstration equipment.
Engaging with commercial and cultural specialists to further develop JV and licensing models that will work in non-western markets, with India as a focus.

Our Next Steps

Support the R&D, demonstration and commercialisation of the PMM in EU
Support the new patent through the examination phase of the granting process and develop the justification for countries in which the patent should be filed
Manufacture and commission the first commercial PMM’s in Australia
Progress a JV commercialisation strategy in those countries where the value of patents is not respected, yet have significant need for the technology to address plastic waste issues
Seek cooperative with relevant tertiary institutions to expand research and continue to develop knowledge and the science behind blended plastics on a molecular level
Develop a comprehensive international government focused marketing program to underpin long term success