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Invest in building and operating Material Recovery Facilities (MRF) and collection infrastructure for Recyclable Solid Waste by partnering with existing players. The collection network for an MRF involves a drop-off bag network, drop-off bin network, local authorities and industries, existing collectors, door-to-door collection lorries, special waste management promotion events and a buy-back centre. Examples of companies active in the IOA space:
Eco Spindles Pvt Ltd is a leading plastic recycler and manufacturer of recycled yarn and monofilament. In June 2022, Eco Spindles and Coca-Cola launched an MRF Facility in Wadduwa. Its parent company BPPL Holdings, in May 2022, secured long-term funding of US$ 15 million from the United States International Development Finance Corporation (DFC).
Ceylon Cold Stores PLC and Cleantech recently partnered to operate another Material Recovery Facility (MRF). Located in Western Province, this MRF has the machinery investments to transform the collected plastic into value-added plastic waste to be supplied to the recycling companies.
Improvement in waste recycling at municipal level to reduce environmental degradation and improve livelihood for waste workers, and contribute to the overall health of local communities.