According to the Australian Department of Environment and Energy, the plastic products sold in Australia during the 2017 financial year was estimated to have weighed 3.5 million tonnes, yet only 10% of it was recycled.

This has presented a business opportunity, according to the team at Plastech Recycling who are looking to commercialise their patented PolyWaste plastic conversion technology, which could cut the cost of recycling plastic down by as much as half. Plastech CEO Peter Barker spoke to The Daily.