Catherine Shu of TechCrunch reports on a new plastic recycling technology.
- Samsara Eco, an Australian-based startup, has raised $35 million to build a new plastic recycling facility.
- The company has developed enzyme-based technology that breaks down plastics into their molecular building blocks which can be made into new products.
- Samsara estimates that its new facility will be able to infinitely recycle 20,000 tons of plastic per year by 2024.
Read the full article here.