Founder/President/CEO shares his objectives with GZ Plastic2Power
GridZero Plastic2Power (GZ Plastic), is a business model first developed in 2012 by our Founder and his non-profit foundation (now the GZ Foundation). The objective was to find a means to process the vast ocean plastic waste that continues to collect and grow within our oceans and on the tropical islands worldwide. GZ Plastic will address similar ocean issues and land based plastic using already proven and safe plastic pyrolsis processing equipment made in China, and greatly improved since 2012.
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A processing system that can be placed into any standard industrial park building (see below image). It can convert 30 tons of mixed waste plastic per processing line, per day, to end the life cycle of this waste. In the process it converts plastic back into usable low Sulphur fuel oil to generate electricity or fuel for use in trucking, train travel, cruise line or ocean cargo shipping.
The GZ PLastic model was integrated into GridZero in 2023, with a goal to become "The Plastic Waste Solution Company", a future division. However, due to the interest in GZ PLastic, it may be one of the first businesses launched to help address plastic waste stacking up with nationwide
recyclers, landfills, and waste management companies. We will contract with them to rid
them of this waste at no cost.
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To fully understand the value proposition, consider that for every ten (10) pounds of mixed plastic waste collected and processed, GZ Plastic could recover about one (1) gallon of usable fuel oil. Then consider that an estimated 10 million tons of plastic waste reaches our oceans and coastlines each year, and many times that amount is buried in local landfills. In years past most plastic collected was shipped off to China or other asain countries for processing. That eneded inearly 2018 and today, most plastic is stacking up in bundles at recyclers, waste companies and worse, placed into landfills or burned. Yet it has causes almost no public outrage until recently. Why? bA lack of public awareness is the answer.
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This plastic packaging is a massive global environmental waste problem, and represents a massive hidden oil spill of epic proportion. However, this waste also represents a multi-billion-dollar potential revenue model for those that can successfully recover and process this waste. GZ Plastic intends to do just that, repurpose this packagingwaste back into power to fuel jobs, economic growth, and further reduce the local carbon footprint.
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The GZ Plastic business will be structured as a stand-alone company that will collect mixed plastc waste from regional recyclers, landfills and waste management companies. It will seek to build processing plants near Las Vegas, and several within Southern California. The goal is to generate power for the local power grids, to further enhance the power availability to support the transition to zero emission EV's, and power to households. GridZero is also interested in the biochar byproduct it will produce, which could be a new way to store and transport hydrogen gas safely.
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Consider that an average U.S. household uses 900 kilowatt-Hours (kWh) per month, or just over 10,000 kWh of electricty annually. It takes 0.0016 barrels (bbs) of fuel oil to make 1 kWh of power (electricity). One (1) Mega-Watt (MW) is equal to 1,000 kWh. so every MW requires 1.6 bbs (about 68 gallons) of oil to generate it.
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Now consider that every 30 ton per day plastic waste pyrolsis line will produce about 1 gallons of useable oil, or 6,000 gallons per day, per line of oil (30t x 2,000 lbs = 60,000 lbs divided by 10 lbs /1 g of oil = 6,000 g /42 g per bb = 143 bbs /1.6 bbs per MW = 89 MW per day / per line).
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The greater Las Vegas valley generates an estimated 160 tons of waste plastic related packaging every day. This comes from an endless supply of hotel guest room amenities, water bottles, food, household and construction material packaging. Not all of this is collected, as much finds it way into the landfill. If 100 tons could be collected and processed, plus an additional 200 tons collected from surrunding regional cities or stored plastic waste locations, GZ Plastic could process 300 tons per day, producing 890 MW of power daily.
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An even greater opportunity for plastic waste-2-power exists within California, where close to 38 million live. GridZero estimates it could generate over 7,000 MW of power daily just from waste plastic that is collected once processing facilities are fully built, if the funding and political will to do so exists. A full processing line will coast about $4.5 million to set up, not counting land and building costs, but it is a worthwhile investment. Stay tuned, this business has huge potential on its own.
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