A bold collaboration intending to help solve two of the world’s toughest problems has been signed.
Practical Action (a UK-based international development organisation) and the Lamor Foundation (a not for profit organization of the Lamor Corporation) plans to raise up to Euro5m to begin work in Bangladesh, introducing a new technology which captures plastic bottles, bags and waste in rivers and turns it into high-grade oil.
At the same time, they will bring experience in tackling issues caused by the waste quantities in rapidly urbanizing areas.
It is estimated that 90% of plastic polluting our oceans comes from just 10 rivers and eight of them are in Asia. Meanwhile, developing practices applied in the waste management sector has a socio-economic benefit as well.
The collaboration work will build on Practical Action’s current projects and involve many levels of the “waste value chain”. This will ensure that the right combination of technical and social solutions are identified with the aim of establishing long term sustainable outcomes that will benefit the local environment.
Lamor will be working with RiverRecycle, based in Finland, who has developed a unique technology that utilizes different types of plastic waste from rivers and landfill sites, that can be transformed into oil, for use by vehicles and machinery, using new methods, while not producing any harmful gases or by-products.
Practical Action, RiverRecycle and the Lamor Foundation will work together to help improve the conditions of some of the rivers in Bangladesh and support in establishing sustainable practices in the industry.
Practical Action opened an office in Bangladesh nearly 30 years ago and Lamor Corporation has been cleaning up oil spills and environmental disasters since it was founded in 1982. In Bangladesh, Lamor is represented by General Scientific Company Limited since 2007, with excellent achievements over the years.
The Lamor Corporation launched the Lamor Foundation as a charitable arm in 2019.
CEO of Practical Action, Paul Smith-Lomas said: “We are looking forward to working with the Lamor Foundation.
“It is reassuring that we have been brought into this new partnership at the very beginning so we can mutually design the project from the very start and ensure it takes into account the lives of the great people in Bangladesh, as well as help to protect their uniquely beautiful environment.”
President of the Lamor Foundation David Nazha said: “Our mission at The Lamor Foundation is to bring the near 40 years of experience that Lamor has in dealing with environmental issues globally and applying it into the charitable sector to tackle such issues as plastic pollution.
“A combination of commercial experience and operational expertise helps us to find a market-based solution that will be in place for the long term and that has the potential to be replicated in multiple geographies.
“We are delighted to be partnering with Practical Action and RiverRecycle on these new projects and others around the world. Both of their experiences in designing, managing and delivering projects worldwide gives us confidence that together we will be successful in achieving these ambitious goals.”