Batech Launches Equity Crowdfunding Campaign
Batech, a clean-technology and advanced recycling firm, has launched an equity crowdfunding campaign on the Wefunder platform. The company announced on February 20 that the campaign is intended to fund its next phase of growth. The move opens investment in the company's recycling infrastructure to individual investors.
- The company is targeting a $300,000 goal for its crowdfunding campaign, offering investors a convertible note with a $19.975 million valuation cap. - Batech's patent-pending technology is designed to recycle high-moisture and contaminated plastic waste streams that traditional facilities cannot process, specifically targeting "hydropulp" and wet wipe scrap. - Hydropulp is a plastic film residue generated from recycling paper products with moisture-resistant coatings, a waste stream growing with the projected $630 billion global paper packaging market. - The company, founded in 2019 and based in Roanoke, VA, sources this feedstock from industrial partners like paper recycling facilities and wet wipe manufacturers, often at no cost. - The recycled Low-Density Polyethylene (LDPE) resin produced can be used in composite wood applications, chemical recycling, plastic compounds, and injection molding. - A key regulatory issue for the advanced recycling sector is the EPA's classification of such facilities; being regulated as a manufacturing operation rather than a solid waste incinerator can significantly reduce compliance costs and operational hurdles. - The global recycled plastics market was valued at over $66 billion in 2022 and is projected to grow, driven by demand for sustainable packaging and environmental regulations.
