FOXI Capital is going eco-friendly! FOXI Capital is raising for Plazrok® in Australia, to manufacture a sustainable concrete product from waste plastic. Addressing two of our biggest environmental challenges with one product — Plazrok® is a solution to the earth’s overwhelming plastic pollution problem while giving concrete manufacturers an eco-friendly alternative to standard aggregate.
Plazrok® is a proprietary lightweight composite aggregate that can be used to fully replace or supplement traditional aggregates in concrete production from unsorted waste plastic. Concrete traditionally uses granulated stone, gravel, and sand as an aggregate.
The Borrower is raising $155,000,000 to obtain the necessary equipment, premises, feedstock and personnel to establish an initial Pilot Plant and other plants to process waste plastic and manufacture Plazrok® for distribution and sale in Australia and overseas.
Cement production has been reported in over 159 countries and exceeds 4.4 billion tonnes per year. For each tonne of cement, the building industry requires 6 to 7 tonnes of sand and gravel. Worldwide, 30 billion tonnes of concrete is used each year. Current global plastic production was found to be 367 million metric tonnes excluding synthetic fibres as at 2020.
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