Greenback Recycling Technologies

Greenback Recycling Technologies is an innovative startup focused on advanced plastic recycling. Founded in 2019 and based in the United Kingdom, the company's mission is to create products with a high content of recycled material from post-consumer waste, aiming to reduce pollution and prevent fossil resource depletion. Greenback is dedicated to producing certified feedstock for plastic packaging with recycled content, addressing the issue of post-consumer waste plastic in line with the United Nations' Sustainable Development Goals. The company is establishing an efficient, scalable, and distributed process that offers transparency and traceability, while supporting local economies and providing new income streams for waste pickers, particularly in developing countries. Greenback's approach involves building a decentralized network of recycling plants near sources of plastic waste, utilizing existing infrastructure and advanced technologies to provide feedstock for the production of food-grade packaging at scale. To provide evidence of the recycled content in the packaging, Greenback employs its eco2Veritas certification system, which leverages blockchain and AI technologies to offer brand owners and consumers confidence from shelf to shelf. As Greenback continues to develop its advanced plastic recycling solutions, it presents an impactful opportunity for potential venture capital investment.