99 Plas - Online Trading Platform
Aiming to ensure recycling plastic business practitioners to do their business safely and easily.
The UK exported 791,000 tonnes of recycled plastic waste in 2016, while the recent Chinese 'Waste Import Ban' makes it critical to seek new export markets. However, industry players are facing major barriers including poor communication and transparency in the market. Existing trading platforms fail to direct the right suppliers to the right buyers and only offer limited services, which leaves too many market barriers.
Following extensive consultation with leading industry stakeholders, and to address the UK's urgent market need, 99P Recycling seeks to develop the first business-to-business (B2B) online trading platform to enable practitioners within the plastic recycling industry to communicate efficiently whilst maximising profit margins.
The truly innovative platform will overcome current limitations by employing novel algorithms and utilising machine learning and big data analysis to provide a product recommendation system to passively find suppliers and buyers who are best suited, and a dynamic pricing system to ensure suppliers are aware of the true market value of their plastic. In addition to offering enhanced communication and confidence within the plastic recycling supply chain, we believe the solution also has a wider potential to be deployed in other recycling sectors including the waste paper industry.
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99 Plas Journey
Offering enhanced communication and confidence within the plastic recycling supply chain.