Typically, we hear about how much oil we use and turn into plastics. When you think about it, it does make some sense that you could then turn plastics back into oil. And you can! Watch this:
Of course, the first thing that comes to mind after watching that is, “Why can’t they do that on a much larger scale, and eliminate a huge portion of our plastic waste?” And, here’s your answer. They can. In fact, here’s an article from 2009 about just such a plant. It’s called the Envion Oil Generator, and the company was getting ready to roll the plants out nationwide at the time. I haven’t heard anything about them since then.
It’s an intriguing idea, really. Take the plastics that we create, and then waste, and turn them back into usable oil. It would probably put a fractional dent in our oil use, but any little bit is better than none, and would help make the oil supply last longer. Of course, there’s the downside that emissions would continue that much longer too, but, frankly, I don’t see the dwindling oil supply as anything more than a epic disaster, so the longer we can offset that, the better. According to that article, the plant can create oil from plastics for about $10 a gallon(oops. Where’s my proofreaders?) Barrel. You’d think the profit margin there would be well worth building a plant or two.
What do you think? Is it a smart thing to do? Useless?
photo credit: the extinction blues
Shane Ede is a business teacher and personal finance blogger. He holds dual Bachelors degrees in education and computer sciences, as well as a Masters Degree in educational technology. Shane is passionate about personal finance, literacy and helping others master their money. When he isn’t enjoying live music, Shane likes spending time with family, barbeque and meteorology.