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INTERNATIONAL BUSINESS MACHINES CORPORAT

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International Business Machines : IBM Researchers Develop Radical New Recycling Process to Transform Old Plastic

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02/11/2019 | 12:55pm EST

IBM Researchers Develop Radical New Recycling Process to Transform Old Plastic

This technology is part of IBM's annual '5 in 5' predictions detailing five innovations that will help change our lives in the next five years.

SAN FRANCISCO, Feb. 11, 2019, /PRNewswire / -- IBM (NYSE: IBM) researchers have created a new technology called VolCat, a catalytic chemical process that can turn PET, a type of plastic commonly used in food packaging and polyester clothing, into a renewable resource. The cost-effective and sustainable innovation is capable of breathing new life into old plastic.

Currently, more than 272 million metric tons of plastic is produced each year around the globe, with one-quarter of that made up of PET. VolCat aims to use a precise combination of chemicals, heat and pressure to reduce this amount of plastic, and ultimately the amount of waste, produced. This could completely transform the way we discard and manufacture plastic in the next five years.

To learn more about this new technology and IBM's full list of 5 in 5 predictions, visit the IBM Research blog and tune into a live presentation from the IBM Think conference on Wednesday, February 13 at 10 a.m. PT.

IBM Media Relations Contact:
Jeannie Entin
IBM Research Communications
JEntin@us.ibm.com
646-460-9470

 

 

 

 

 

Disclaimer

IBM - International Business Machines Corporation published this content on 11 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 February 2019 17:54:02 UTC

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Financials ($)
Sales 2019 78 048 M
EBIT 2019 14 066 M
Net income 2019 10 777 M
Debt 2019 33 418 M
Yield 2019 4,74%
P/E ratio 2019 11,30
P/E ratio 2020 10,87
EV / Sales 2019 2,04x
EV / Sales 2020 1,99x
Capitalization 125 B
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Mean consensus HOLD
Number of Analysts 21
Average target price 141 $
Spread / Average Target 2,0%
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Managers
NameTitle
Virginia M. Rometty Chairman, President & Chief Executive Officer
James J. Kavanaugh Chief Financial Officer & Senior Vice President
John E. Kelly Senior VP-Cognitive Solutions & Research
Martin Jetter SVP-Global Technology Services
Sidney Taurel Independent Director
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