GreenLife Tech Corp
GreenLife Tech Corp: has made the decision to build its first Plastic Recycling factory in the UAE.
DGAP-News: GreenLife Tech Corp
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GreenLife Tech Corp has made the decision to build its first Plastic Recycling factory in the UAE. The decision was made because of the availability of skilled workforce and the abundance of raw materials. These two factors are the most important factors of a successful operation of a plastic recycling factory.
The price of oil has a great influence on prices of recycled plastics and, therefore, plastic recycling efforts. There is a direct relationship between the cost of oil and the price of producing and recycling plastic. Plastic is made from several components, one of which is oil. Rising oil prices increase the cost of virgin plastic. This increases the demand of recycled plastics. Presently the demand of recycled plastics outweighs demand for virgin plastics. The demand for recycled plastics has hit record levels. Green Life Tech Corp feels this presents the ideal opportunity to build a factory as the future is very optimistic. Plastic Recycling shows social responsibility for future generations by reducing carbon emissions, reduced consumption of raw materials, prevents air and water pollution, less waste for landfills, and creates jobs. Green Life Tech Corp is now seeking investors for their first plastic recycling factory.
24.03.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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