ESG isn’t just another buzzword, it is a product of the growing interest of investors wanting to invest in companies that do more than simply make money. Investments in ESG funds have increased 8x since 2018, and this trend is expected to continue over the coming years.
The ‘E’ in ESG stands for Environmental. It deserves to be first, since the future of human life on Earth will be decided by how we treat the environment in the 21st century. If we mistreat our environment, we probably won’t need to worry about social or governance criteria.
ReDeTec can improve your ESG score. Do you or someone you know use 3D printers? What happens to the unneeded prints, and wasted materials? With the ProtoCycler+, you can recycle wastes into new printing filament without sacrificing the mechanical properties of your models.
Plastics have been around for only a century, but our modern world would be unrecognizable without them. Unfortunately, human dependence on plastics is a serious threat to our environment. The process of creating plastics releases harmful compounds into the environment, and plastics continue to harm the environment long after they serve the purpose of their creation.
Only 9% of plastics are recycled, and almost half of the plastics produced are for one-time uses. We have all been exposed to horrifying photos of all types of wildlife being choked, trapped, or maimed by plastics. And the not-so-fun fact that there is a plastic island larger than Texas floating in the middle of the Pacific ocean.
Despite the negative consequences, plastic production rates grow every year, and we are expected to double the total amount of plastic ever created in the next 30 years. Researchers are coming up with innovative ways to decompose plastic, and produce biodegradable alternatives. Governments have pledged to improve recycling capabilities, but it is still way too early to have a sigh of relief.
Part of the increase in plastic demand is to fuel the rapid growth of the 3D printing industry. The 3D printing market is experiencing a growth rate of 23% per year, and will continue to do so during the 2020’s.
This is where ReDeTec comes in. 3D printing results in a lot of prototypes being produced that are never put to use. These materials are rarely recycled, and often go right into dumps. ReDeTec’s ProtoCycler+ allows users to turn their failed prints into 3D printable filaments, without sacrificing the quality of the plastics being created.
Image 2: ProtoCycler+ plastics recycling device