Recycled Plastic's pioneer, Plastech is a Green Technology Company that owns plastic products manufacturing firm, Newtecpoly, and the plastic recycling technology firm, PolyWaste Technologies. The patented PolyWaste technology emerges at a time of global urgency in relation to addressing the issue of plastics and waste. With a mission to solve a growing Australian and global waste issue, Plastech uses its technology to produce quality, commercial grade recyclable products from plastic waste. The minimum investment in the Plastech offer is AU$250.
Further information regarding the offer from Plastech is contained in the CSF Offer document.
I Letter from the Chairman
On behalf of the Board, it gives me great pleasure to offer you this opportunity to invest in Plastech Recycling Ltd.
The Company is inviting investors to subscribe for up to 6,400,000 Shares at an Offer Price of $0.25 per Share to raise a maximum of $1,600,000. In this Offer document we are providing information on the Company’s operations, financial performance, experienced directors and management team and future plans. We also outline the Company’s business model and global revenue opportunities.
I encourage you to read and understand the documents before making an investment decision. The Board and Management believe that there are significant growth opportunities for Plastech and invites you to participate in this exciting investment opportunity.
As you will read Plastech owns the controlling interest in the PolyWaste technology, a unique patented waste plastics processing technology. The PolyWaste technology is unique in the following key respects;
- Waste plastics can be readily processed in a truly continuous operation from baled waste to final consumer product in a single processing path; and
- It successfully addresses the challenges associated with the simultaneous recycling/rebirthing of co-mingled and lightly contaminate soft and hard plastics.
The PolyWaste technology emerges at a time of global urgency in relation to addressing the issue of plastics. This unprecedented investment opportunity offers the following additional advantages over existing plastic recycling technologies;
- The processing simplicity of the PolyWaste technology reduces the cost of producing products from waste plastics by up to 60%;
- The processing of waste plastics using the PolyWaste technology can be undertaken profitably on a truly regional basis, negating any requirement to absorb the costs and inefficiencies associated with transporting waste over large distances;
- The PolyWaste technology has been tested with, and is suitable for, the processing of all thermoplastic types and formats; and
- Offers the potential to place a global bounty on plastics currently responsible for the degradation of terrestrial and marine environments. Appropriately commercialized, the PolyWaste technology could be a key to preventing further environmental degradation and indeed, reversing elements of the environmental damage already generating global alarm.
Please take the time to consider this potentially ‘once-in-a-lifetime’ opportunity.
I look forward to welcoming you as a Shareholder.
I Business Description
Plastech was incorporated on the 4th December 2018 as a public unlisted company limited by shares and currently consists of the following wholly and majority owned subsidiaries;
- Newtecpoly Pty Ltd (“Newtecpoly”), ACN: 602 602 934 incorporated in Victoria, Australia on the 13th October 2014.
- PolyWaste Intellectual Property Limited (“PolyWaste”), Company No: 1967372 incorporated in Hong Kong on the 13th September 2013.
- PolyWaste Technologies Limited (“PolyWaste”), Company No: 1976306 incorporated in Hong Kong on the 4th October 2013.
The PolyWaste technology uses mechanical (frictional) heat to simultaneously melt and mix used plastics so that infeed mix materials (plastic waste) generally do not require washing, blending, drying, shredding, granulating or pelletizing beforehand. This process significantly reduces the handling and processing costs associated with in-feed material preparation and ultimately produces extrusion-ready plastics at an estimated processing cost of $400 per tonne, up to 60% cheaper than conventional method costs of $1,000 per tonne.
PolyWastes technology was conceived by NSW recycling and irrigation industry leader, Mr Ross Collins (dec’d) of R&M Collins Pumps in response to pitfalls recognised in global plastic recycling processes. Ross Collins had a passion for finding solutions to the world’s plastic recycling problems and was the holder of several patents for plastics recycling technologies prior to his invention of the PolyWaste technology.
Newtecpoly is a manufacturer of plastic products and Australia’s leading authority on PolyWaste Technology™. Newtecpoly utilises an elegant technology coined “PolyWaste” to cost-effectively transform low-cost used plastics into a homogenous substance which can then be extruded into high-quality and affordable plastic products.
As a manufacturer, Newtecpoly is the name behind eWood®, a unique plastic wood substitute made from the mixed plastics of products previously destined for landfill. Newtecpoly creates eWood® using such waste products as computers, televisions, white goods, commercial equipment, car parts and printer cartridges collected from the e-waste stream, supported by programs such as Cartridges 4 Planet Ark.
I Business Model
Plastech has a “closed-loop” operations process in that its revenue will be predominantly generated from licensing, manufacturing or the sale of plastic products including some product sales to the same companies who supplied the raw plastic waste for use in the first instance.
- Individual Licensing Agreements - the rights (exclusive or otherwise) to use the PolyWaste technology can be allocated to plastic product manufacturers globally via licensing agreements.
- Master Licensing Agreements – the rights (exclusive or otherwise) to sub-licence the PolyWaste technology in countries or global regions can also be sold.
- Research & Development and Manufacturing Activities – Newtecpoly provides chargeable R&D services for PolyWaste and its prospective clients regarding the operation of PolyWaste Technology™. It is anticipated all future licensees for PolyWaste Technology™ will require comprehensive R&D Support.
Additional Revenue Opportunities:
- Technical Consulting - Newtecpoly provides essential consulting services for clients who seek to reduce their carbon footprint through “closing the loop” on their waste plastic and thus preventing it from going to landfill.
- Sales Consulting - as the leading sales and service provider of PolyWaste™, Newtecpoly provides a comprehensive range of services including, but not limited to, product sales consulting, initial testing of client feedstock, pre-production trials, technology training and after sales service.
- Laboratory Scale Testing - Newtecpoly provides the facility to test waste plastics from a variety of sources for compatibility and suitability for recycling. Even low-grade or highly contaminated waste plastic can be blended to make a viable substrate for moulding into valuable products.
I Industry Overview
According to the 2016-17 National Plastics Recycling Survey (Australian Department of Environment and Energy1), approximately 3.51 million tonnes of plastics and plastic products are sold annually in Australia, equivalent to 140 kg per person. These plastic products are commonly split into two broad classes as follows:
Typically rigid and semi-rigid plastic containers
Typically flexible sheet, film, and wrap
Of these 3.51 million tonnes of plastic entering the market, 88.2% remains unrecovered, with the remaining 11.8% being classified as recycled. Plastech identifies this area specifically as “low hanging fruit” and conservatively estimates 30% of packaging plastics and 40% of durables are readily recoverable.
Demand for extruded plastic products is closely related to the volume of building, construction and mining projects within the economy. Increases in either private or commercial development will drive demand for water, sewerage and drainage pipes, as well as telecommunication and electrical conduits.
CORPORATIONS REGULATIONS 2001 - RISK WARNING about Crowd-sourced funding
- Crowd-sourced funding is risky. Issuers using this facility include new or rapidly growing ventures. Investment in these types of ventures is speculative and carries high risks.
- You may lose your entire investment, and you should be in a position to bear this risk without undue hardship.
- Even if the company is successful, the value of your investment and any return on the investment could be reduced if the company issues more shares.
- Your investment is unlikely to be liquid. This means you are unlikely to be able to sell your shares quickly or at all if you need the money or decide that this investment is not right for you.
- Even though you have remedies for misleading statements in the offer document or misconduct by the company, you may have difficulty recovering your money.
- There are rules for handling your money. However, if your money is handled inappropriately or the person operating the platform on which this offer is published becomes insolvent, you may have difficulty recovering your money.
- Ask questions, read all information given carefully, and seek independent financial advice before committing yourself to any investment.
FINANCIAL MARKETS CONDUCT REGULATIONS - WARNING STATEMENT ABOUT EQUITY CROWDFUNDING
- Equity crowd funding is risky.
- Issuers using this facility include new or rapidly growing ventures. Investment in these types of businesses is very speculative and carries high risks.
- You may lose your entire investment, and must be in a position to bear this risk without undue hardship.
- New Zealand law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for Investors to make an informed decision.
- The usual rules do not apply to offers by issuers using this facility. As a result, you may not be given all the information usually required. You will also have fewer other legal protections for this investment.
- Ask questions, read all information given carefully, and seek independent financial advice before committing yourself.