Myplas

Myplas is a South Africa-based plastics recycler. The company recycles plastic compounds such as high and low-density polyethylene (HDPE and LDPE) like milk bottles, bottle caps, crates, plastic bags, and irrigation pipes as well as polypropylene (cups and plates, houseware) into an upcycled polymer called “Mypolen.” It also recycles them into LDPE and HDPE pellets. The company hand sorts raw materials to ensure the lowest contamination levels and uses its proprietary mechanical recycling process, which uses individual additive recipes to produce Mypolen. The company claims that around one tonne of CO2 is saved per use of a tonne of its recycled plastic.

As of May 2022, with a processing capacity of 1,600 tonnes per month, Myplas was reportedly the largest post-consumer polypropylene recycler in South Africa, exporting its products to Africa, Europe, and South America.  In December 2023, the company expanded to the US by opening a flexible film recycling facility in Rogers, Minnesota. At full capacity, the facility will be able to recycle nearly 90 million lbs of plastic waste annually.

Funding and financials 

In June 2022, the company received USD 5 million in debt financing from Closed Loop Partners, a New-York based circular economy investment firm. The funding was to support the construction of Myplas’ flexible film recycling plant in Minnesota.