“Otherwise it will end up on our streets,” he said of the plastics. “And if it hits the road, it will end up in waterways. And it will eventually end up in the ocean. So we are connected to the world with what we do here. “
The Alliance to End Plastic Waste, launched in 2019, invests in infrastructure, research, education and clean-up. Its member firms include some of the largest corporations in the world, including PepsiCo, ExxonMobil, and Shell.
Together with a $ 1.35 million soft loan, Allianz provides Firstar technical expertise, advice and introduction to other new recycling technologies.
“We’re excited to be a catalyst to move this forward, share some of the risks, share some of the technology, and most importantly, help this grow into something that can be replicated and scaled, not just in the US, but worldwide, ”said Steve Sikra, a vice president of the Alliance, on Thursday.
Firstar also received a $ 374,000 grant from the Nebraska Department of Environment and Energy.
Officials behind the partnership say lumber could be the first of several products Firstar makes from plastic, depending on how profitable the project is.
“We can’t do this just because we want to do it and it’s good for the environment,” said Gubbels. “We have to make it sustainable. So we’re going to look at products that people want to buy. “