CarbonMeta Technologies, (OTCMKTS: COWI) a resource reclamation company from the United States, announced that 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.
According to Market Data Forecast, the global 3D printing plastics market size was more than $698 million in 2021 and is expected to reach $1.96 billion by 2026, registering a CAGR of 28.3%. 3D printer filaments can be made from a variety of thermoplastic materials, including those from recycling. However, as much as 80% of plastic waste is disposed in landfills, waterways or oceans, meaning only a small percent is recycled.
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.”
– Lloyd Spencer, chairman and CEO of parent COWI and president of subsidiary Carbon Source, Inc.
3D Printing Filament
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.
“Demand for 3D printing filament products made from post-consumer plastics has been steadily growing over the past decade. Department of Defence agencies and commercial manufacturers have increased demand for 3d printed products that are made from post-consumer plastics to meet their net-zero initiatives.”
– Bill Macy, President of Macy Consulting
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.
Availability and Pricing
Carbon Source is offering a High Impact Polystyrene 3D printing filament line with prices ranging from $24.99 to $94.99. Customers can purchase products using Carbon Source’s online store.
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