Evergreen Plastics
Date | Investors | Amount | Round |
---|---|---|---|
$9.9m | Early VC | ||
$5.0m | Early VC | ||
Total Funding | $14.9m |
Recent News about Evergreen Plastics
EditEvergreen Plastics operates in the recycling industry, focusing on transforming curbside bales of plastic soft drink bottles into reusable flakes or crystallized pellets. Serving a diverse range of clients, including manufacturers and businesses seeking sustainable materials, Evergreen Plastics stands as one of the largest PET bottle recyclers, processing over 100,000,000 pounds annually. The company operates within the environmental sustainability market, emphasizing the importance of recycling and reusing materials to reduce environmental impact. Evergreen Plastics' business model revolves around collecting post-consumer PET bottles, processing them into RPET (recycled PET) resin materials, and selling these materials to clients who use them in various applications, from packaging to manufacturing. This model not only supports environmental responsibility but also offers a cost-effective alternative to virgin materials, making it financially attractive for businesses aiming to reduce costs and enhance sustainability. The company generates revenue through the sale of these recycled materials, leveraging its large-scale operations and commitment to sustainability to maintain profitability.
Keywords: PET recycling, RPET resin, sustainability, cost efficiency, environmental responsibility, post-consumer bottles, crystallized pellets, reusable flakes, large-scale operations, profitability.