World's First Plastic Mining Company Starts Trading On the Toronto Stock Exchange Alkemy (TSX: AKMY.V) debuts mining of non-recyclable plastics that aims to rid the world from its number one pollutant while transforming it into 100 per cent recycled plastics-based goods

By Josh Horowitz

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media.


The Holy Grail in this grim matter of ongoing environmental destruction is no less than turning toxic plastic waste into a profitable raw material. An "alchemy' in its modern form if you will. A little-known fact is that less than 9 per cent of the world's plastic waste is being recycled. Despite efforts by governments and municipalities to provide monetary incentives, the amount of non-recyclable plastics grows exponentially every year and finds its way into our seas, fish, food and ultimately into our bodies. There is a fair case to be made in favor of measuring the percentage of plastics resident in human bodies alongside protein, fat and other building blocks of well-being we usually like to track. It is indeed that prominent, with micro-plastic particles canvasing air, water and the food we eat, in increasing waves of plastic onslaught every year.

Yes, we should rid of plastics altogether but his is a separate, and much wider discussion. As a first step, recycling 91 per cent of world's plastic instead of the current meager 9 per cent will change things dramatically for the better. Why do we not recycle it all? Because there is simply not enough profit for entrepreneurs and enterprises in this particular line of business. While setting aside the question of ethics and how at all we can weigh the well-being of earth and its inhabitants against an EBITA line, if only recycling could become profitable, we probably cold have stopped the spiraling down vortex of our own geo-suicide.

The founders of Alkemy (TSX: AKMY.V), an Israeli recycling technology company, invested over $10 million out of pocket over a decade to provide a solution to this problem. They are the first to develop a profitable process for recycling and producing plastic-based goods from 100 per cent recycled plastics that were deemed non-recyclable until Alkmey came to market.

Seems like Alkemy found the Holy Grail and now is going to capitalize on it. According to their filing statement on the TSXv, the process is fully operational and was proven over three years of continuous "mining' of non-recyclable plastic and its transformation into reusable products for construction purposes.

Within this short period, Alkemy has taken a whopping 70 per cent market share in Israel on this one product line and now the innovative company has raised additional capital in Canada to finance the establishment of multiple Alkemy factories in each country around the world, set over plastics dumping sites. It is the first time in history a company mines a pollutant for raw materials. This just may be what we need to make this world survive ourselves, turn sustainability into a profitable business. Time will tell.
Josh Horowitz

VC Investor. Passionate about Cybersecurity, BioTech & Cannabis

Related Topics

Business News

An Hermès Heir Wants to Give Half His $12 Billion Fortune to His Gardener—and Lawyers Are Going Nuts

Nicolas Puech, the grandson of Hermès' founder, intends to legally adopt the 51-year-old former groundskeeper as his son, ensuring he inherits his billions.

Business Models

A Company With a Conscience — How to Make High-Priced Products Accessible to Working-Class Families

Some products are inherently expensive. Companies can offer leasing programs, financing options and other marketing approaches to make them accessible to working families.


If You Want People to Follow You, Stop Being a Boss — 8 Steps to Truly Effective Leadership

Understand the key differences and embark on the journey from boss to leader with these eight vital steps. This article unveils how to inspire and lead teams with passion and purpose.

Growing a Business

How to Get Your Business Noticed (and How to Brag About It)

Knowing how to go after important recognition awards and then leverage them can have a long-term impact on your business.

Science & Technology

ChatGPT Is Powerful — and Can Wreak Havoc If You Don't Know Its 5 Fatal Flaws

There's no denying that ChatGPT is powerful. It should, however, be used with an awareness of its limitations to maximize its potential.