Commercial appliance intended to reduce quantity
of plastic waste
Mount Arlington, NJ— GreenShift
Corporation announced that its wholly owned portfolio company,
GreenShift Industrial Design Corporation (GIDC), has completed
its conceptual design of a new commercial appliance for the reduction
of plastic waste produced by the food services industry.
Studies indicate that about 1.5
pounds of trash are produced for each fast food restaurant meal
served, of which 50.5% is paper, 13.6% is plastics and 1.1% is
glass. The new GIDC appliance specifically aims to reduce the
contribution to this made by unused plastic beverage lids.
According to a study published
by the Freedonia Group, Inc., the food services industry purchased
about 100 billion plastic beverage lids during 2003 for about
$0.005 each or for a total of about $500 million.
Some industry sources estimate
that more than 10% of all plastic lids purchased are discarded
unused. This equates to about 10 billion unused plastic lids per
year with a value of about $50 million.
Unused plastic lid waste is generated
mostly because of how lids are currently handled and dispensed
— most conventional methods force consumers to handle multiple
lids in order pick up a single lid, which creates waste, clutter
and other sanitary issues. GIDC’s new OneLid(TM) appliance
is designed to minimize waste by ensuring that food service customers
are presented with only one lid and by allowing restaurant staff
to easily improve the handling of their inventory.
1,000 plastic lids weigh about
5 pounds, which means that about 500 million pounds of plastic
lids were purchased in 2003, of which in excess of about 50 million
pounds were discarded unused.