Krakenomics to make significant investment in leading Brazilian recycling company

VANCOUVER, British Columbia - Nov. 11, 2024 - PRLog -- Brazil ranks as the fourth-largest producer of plastic waste in Latin America, generating approximately 1.7 million tons annually. It is a key focus country for advancing sustainable environmental practices.

The issue is particularly pressing with flexible plastics, such as bags and wraps, which represent one of the fastest-growing and most challenging waste categories globally.  The complexities associated with recycling these materials, coupled with inconsistent collection efforts, have resulted in alarmingly low recycling rates.

A Senior Executive from Krakenomics' Investment Board remarked on the strategic investment, stating, "We will disclose all details once the transaction is finalized, but I want to express our pride in supporting this expanding company as it enhances its operations to revolutionize Brazil's recycling supply chain. Through this investment, we aim to prevent 100,000 tons of plastic from entering the oceans while seizing the growing market potential for recycled plastics on a global scale."

The company in question has been operational since 2017 and benefits from Brazil's strategic location, providing access to the Caribbean region. It possesses extensive expertise in the flexible plastic market and specializes in recycling Low-Density Polyethylene (LDPE), Polypropylene (PP), and Biaxially Oriented Polypropylene (BOPP). The company has established itself as a leader in Brazil within its sector, setting industry benchmarks by effectively reintegrating recycled materials into the supply chain.

A representative from the Brazilian firm expressed enthusiasm regarding the proposed investment, stating, "Our partnership with Krakenomics represents a significant turning point for our organization as we embark on an exhilarating new chapter of expansion. By utilizing their established success in scaling businesses similar to ours, we are well-positioned to emerge as a prominent leader in sustainable plastic packaging, extending our influence beyond Brazil into the wider region. This strategic collaboration highlights a combination of expertise, skill, and a common goal to minimize the impact of plastic packaging."

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