2021-08-03 07:00:06
Vending machine that pays you cash
We've already learned that plastic waste is a huge problem. It is polluting our rivers and oceans, hurting our wildlife, and contributing to climate change. The data says that 86% of plastic
never gets recycled.
Founded in 2019 in Campbell, California, Olyns is a startup trying to change people's perception of recycling. Their Olyns Cube is a
reverse vending machine loaded with the latest technology that collects consumer's plastics and pays for them. The company aims at helping to meet the 1 billion pounds of commercial demand for recycled plastic (rPET).
Each Olyns Cube compresses and stores over 1,000 plastic bottles, 850 aluminum cans, and 50 glass bottles. It can deliver over one and a half metric tons of clean and recycled PET per year.
AI-enabled Cubes only accept clean containers, as there is a high demand for uncontaminated PET, and sort them at the point of deposit. The machine features touchless NFC login via the Olyns mobile app. The same app allows users to see how many containers they deposit, the CO2 they save, and the waste they divert from landfills, oceans, and incineration. There is also a leaderboard, so consumers can check how their recycling habits compare with other members of the Olyns community. This gamification is fun and can motivate people to recycle even more.
The Cubes are installed in convenient places, like grocery stores, shopping malls, gas stations, and stadiums. So people don't have to go out of their way to recycle. Olyns app users receive empty machine alerts to pick up and deliver their containers to recycling centers.
The machines have another service that helps fund more consumer recycling incentives and company growth. That service is that of
a media platform. The Olyns Cubes actually look like giant iPhones. Their 65-inch full-motion video screens can air inspiring content to drive the importance of recycling and act as an advertising network for brands to communicate with millions of consumers and influence purchase decisions at points of sale.
And last but not least, you can sign up as a
gig servicer (much like you can sign as an Uber driver). If you do so, you get the alert from the machine to the app saying, "I am full, come and empty me." You can open up the Cube, report on its condition, and then take the material to a processor to get paid for that service.
Olyns is trying to become one of the largest collectors of uncontaminated recycled PET in the US. It has already partnered with PepsiCo to produce a pilot program in one Safeway store that is now collecting around 1,000 containers. There will be more Olyns machines launching in Safeway stores in Milpitas and Santa Clara later this month.
Article on CleanTechnica
Olyns website
#recycle #startups
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