CarbonMeta Technologies (OTCMKTS: COWI) announces today it is launching a new wholly-owned subsidiary, Carbon Source, Inc. It is a green eco-system company that takes upcycled post-consumer plastic waste and turns it into 3D printing filament.
The company recently changed its name to reflect this transition into a resource reclamation company. COWI stock offers an exciting green alternative energy opportunity.
Making It Sustainable
In an exclusive interview, Lloyd Spencer, chairman and CEO of parent COWI and president of subsidiary Carbon Source, Inc., says his job is to ‘help make the company’s activities sustainable.’
“We’re just starting up, but you are going to see some revenues in December and January 2022.”
He added that through COWI stock the company is seeking to raise between $2.5 million-$5 million of capital to drive revenues. “We have already raised a little bit less than $500,000 in new capital in a Reg. A.,” he says. COWI stock is being offered to early investors.
Solving The Problem
Spencer, says, “The problem of upcycling post-consumer plastics is enormous, and we want to help solve this problem.”
“Turning plastic waste streams into 3D printing products is an important goal, and making this a sustainable business for investors and our customers is equally important.”
Spencer recalls he learned ‘long ago’ to get into a business early and as efficiently as possible. “We have already purchased equipment and we are very efficient. We can take the plastic from a water bottle at 99-100%.”
The team at the Company is critical to its success. He credits engineers like Logan Kamla with being a “key” to making the project successful.
Increased Demand For 3D Printed Products
Also involved in the project, Bill Macy, president of Macy consulting says, “Demand for 3D printing filament products made from post-consumer plastics has been steadily growing over the past decade. Department of Defense agencies and commercial manufacturers have increased demand for 3d printed products that are made from post-consumer plastics to meet their net-zero initiatives.”
To address this growing market, CarbonMeta Technologies’ subsidiary Carbon Source, Inc., will market and develop upcycled 3D printing filaments, the majority of which will be comprised of at least 50% post-consumer plastic wastes.
A $1.96 Billion Market By 2026
Market Data Forecast research finds that the market COWI is serving is currently worth an estimated $698 million in 2021. But it is growing at a CAGR of 28.3% and is expected to reach $1.96 billion by 2026.
3D printing filaments can be made from a variety of thermoplastic materials which are found in recycled waste. However, as much as 80% of plastic waste is disposed of in landfills, waterways, or oceans. That means only a small percentage is actually recycled, and this is the major problem COWI is solving.
Marketing High Impact Polystyrene
To help solve the problem, Carbon Source, Inc., is marketing High Impact Polystyrene (HIPS) 3D printer filament and has plans to market 3D printer filaments comprised of at least 50% post-consumer products.
These are made of Polyethylene Terephthalate (PET/PETE/PETG), Poly Lactic Acid (PLA) and Polyethylene.
Carbon Source plans to market custom 3D printer filament development programs to corporate, government and makerspace customers that want to upcycle waste plastic streams.
Investors would be wise to put COWI on their watchlist.
For more information about the Company, visit www.CarbonMetaTech.com
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