Greenback Recycling Technologies

Greenback was founded to address the problem that most plastic packaging doesn’t get recycled, causing massive environmental damage. The world’s largest Consumer Packaged Goods (CPG) companies have committed to use a higher percentage of plastic from recycled sourced (R-plastic) in their packaging but the supply is not there, especially for food packaging. R-plastic prices exceed virgin plastic (i.e. plastic made from fossil oil), leaving the recycling industry, its CPG customers and consumers with a trust problem regarding the provenance of materials. This presents a major fraud and reputational risk for the world’s biggest brands.