Rolex Awards for Enterprise recipient for 2019 Miranda Wang shares how her childhood in Canada inspired her passion to fight against the damage caused by plastics
Global plastic consumption soared to over 430 million tonnes in 2020, nearly doubling since 2000, and this upward trend is projected to continue, according to the intergovernmental group Organisation for Economic Co-operation and Development. Alarmingly, scientists estimate that only about 9 per cent of plastic waste is recycled each year.
Addressing this pressing issue is Novoloop, a California-based recycling start-up co-founded by Miranda Wang. Over the past nine years, it has honed an innovative technology called Accelerated Thermal Oxidative Decomposition (ATOD). This pioneering method can break down plastic at a molecular level, transforming it into high-value materials suitable for creating various products, including footwear, clothes and electronics.
The company’s technology is designed to process polyethylene, one of the most prevalent types of plastic in consumer goods. It is used to make products like plastic packaging, bags and containers such as shampoo bottles and milk jugs. The company decided to target this specific plastic after discovering from various waste management facilities that it is challenging to sell, which makes them reluctant to recycle it.
This year, its pilot plant in India successfully started operating in partnership with Aether Industries, a speciality chemicals manufacturer. It can train personnel and develop protocols for larger-scale commercial operations in the future—essentially, multiple facilities operating around the clock. “Ultimately, that’s what makes the impact,” Wang tells Tatler. “If you want to create processes that are removing waste, taking waste and turning it into usable things, that cannot be done by humans; that is done by industrial facilities.”