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Revive Eco
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== Idea<ref name=":0" /> == <vimeo>691830949</vimeo> 70 million tonnes of palm oil is produced annually, mostly in Southeast Asia, and is shipped around the globe. It is one of the key drivers behind deforestation, contributing millions of tonnes of emissions every year. At the same time, over 1 billion tonnes of organic material from food and agriculture is needlessly wasted every year. This includes an est. 500,000T+ of UCGs being wasted in the UK annually. Revive is developing green technologies to create high-value, sustainable products from previously low-value waste organic materials. Using a patent-pending technology, the company converts those UCGs into chemicals with applications in cosmetics and food & drink. Its initial focus is the cosmetics ingredients market which is expected to reach $3.6bn in Europe by 2028 (CAGR 3.9%) and Revive Eco has already seen early signs of commercial traction. Its scalable business model benefits from multiple revenue streams; UCGs collection fees, sales of outputs and licence fees for its technology in the future; Revive is designed to be economically and environmentally sustainable. The last year has seen the company supply samples of its outputs to companies across Europe who are all actively seeking sustainable alternatives to palm oil and its derivates, a growing trend across multiple industries. The investment will allow the company to scale-up its manufacturing capabilities & take advantage of the interest that it has so far.
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