Putting Value on Waste: The IQ Energy Foundation Story
Our vision of creating circular valuable products by repurposing waste, was birthed while seeking to solve big problems in the developing world. We were struck by the amount of rubbish on the streets, in sewers and drains, in rivers and waterways, farms and forests. Sadly, much of this waste finds its way into the environment or being burnt in the open.
So much waste… such a waste.
Plastic has a higher energy value than petrol
At the same time, we found out that plastic has a higher energy value than petrol, so there’s more energy is locked up in a piece of plastic than the same amount of petrol. And yet, in countries around the world, we are burying tonnes of it every year. Literally burying energy!
This was an extraordinary discovery. It caused us to ask questions:
- Why are we wasting all these resources – literally burying them?
- What if we could change the paradigm on waste?
- What if we could make a social and environmental impact by creating an incentive for people to pick this rubbish up?
IQ Energy was born
This set us on a worldwide search to hunt down a technology solution that could tap into that untapped source of energy. After years of searching we found a technology that converts waste into useful products while being self sufficient with its own energy to avoid fossil fuel use.
Through our networks, we were introduced to the leaders of IQ Energy Canada, who have vast expertise in gasification, pyrolysis and thermolysis technologies and decades of experience building plants across North America. We worked together to create modular, scalable and standardised pieces of technology.
Thus, IQ Energy Australia was born.
Our motivation remains to see our technology used in the developing world, where it will have an even bigger impact, economically, environmentally, socially and ethically.