BPPL Holdings

HOW A YOUNG ENTREPRENEUR FINDS WORTH IN PLASTIC WASTE

As industrialisation and population increase, plastic consumption on the island has seen a 16% increase, with 265,000 metric tons are consumed annually resulting in the nation battling a threatening issue – the growth in irresponsible plastic waste disposal/management.

Realising the damage this could cause, a young entrepreneur, Pathum Niranjana, started P&L Industries based in Athurugiriya in 2011 at the age of 20 to collect PET (Polyethylene Terephthalate) plastic and other plastics.

Youth Day, celebrated annually in August is an ideal opportunity to showcase the actions of young people who aspire to repair the earth we live in, through their entrepreneurial decisions to solve the world’s most pressing issues.

Every month, his team collects approximately 450,000 PET bottles and 70-80 metric tons of other plastics, which are sold to recyclers such as Eco Spindles (Pvt.) Ltd, a fully-owned subsidiary of BPPL Holdings PLC., to create value-added products.

Online link for full article – https://www.lankabusinessonline.com/opinion-young-entrepreneur-finds-worth-in-plastic-waste/

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