Knowaste licensee, RELIVIT, Receives Licensing Executives Society International’s 2012 Global Award
Gareth Williamson and Mark Dunn, post-graduate student entrepreneurs from Swinburne University of Technology, Australia, received the Licensing Executives Society International’s (LESI) Global Award for their start-up Relivit.
The Global Award, which was presented as part of the 2012 LES Foundation Graduate Student Business Plan Competition, is awarded annually to the team whose plan best deals with intellectual property (IP) rights and their use in the global business environment.
Relivit is looking to combat escalating environmental and economic costs associated with waste disposal by licensing from Knowaste the only commercial-scale technology specifically for recycling absorbent hygiene product waste (disposable diapers/nappies/diapers, feminine products, continence aids, etc.) -- a waste stream the team calls, ‘uniquely problematic and unaddressed.’
Using Knowaste licensed technology, Relivit plans to build and run advanced recycling facilities where commercial waste management providers will deliver waste collected from washrooms, aged care and child care centers, and other such facilities.
Here, the waste will be sterilized and broken apart, and specialized equipment will be used to separate the fiber and plastics and prepare them for resale. The high quality wood fiber will be recycled as cardboard and plastics will be sold for use in moldings and construction materials.
"Half a million tons of this waste is buried in Australian landfills annually and the cost of dumping in Sydney alone is projected to increase by 50 percent in the next five years,” said Relivit
Commercial Director Mark Dunn. "Relivit will reduce waste disposal costs for its customers, divert 95 percent of the waste from landfills and reduce direct carbon emission by more than 50 percent.” Relivit’s first plant is slated to open in 2013 in western Sydney with plans for others across Australia, New Zealand and Asia.
BOSTON, May 18, 2012