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HomeTrendingPik Group Invests in Waste Recycling

Pik Group Invests in Waste Recycling

Date: December 3, 2023 Time: 17:59:26

Analysts learned that the developer was interested in recycling and waste disposal following the decision to recycle leftover building materials.

According to the Unified State Register of Legal Entities, PIK-Innovations has only a 5% stake left in Zeroniks after buying 95%.

It was announced that Ilya Balandin, head of the venture investment department and member of the PIK board, would become the CEO on April 10th.

PIQ and Zeronix do not provide commentary at the request of RBC journalists.

Key areas of startup activity:

We deal with several areas of recycling, including but not limited to construction waste and garbage sorting. Zeronix also destroys organic matter and packing with help from black soldier fly larvae. We also have experience in processing composite paper, which is used for a variety of things such as coffee cups, containers, and carpets. In addition to that, we are experts in secondary materials, including dry material extraction.

Zeronix, for example, develops technologies to turn trash into valuable resources. One of their latest innovations is the Zeronix Pallet, which is created from pressed wood waste and pieces of bricks and concrete slabs. With these materials, they are also able to create containers, borders, and flower beds.

Around 80% of construction waste is not recycled today, although more than 70 million tons of it are generated every year.

The Ministry of Construction is now working on various projects to reduce the amount of construction waste that’s not recyclable. Developers are already allowed to sort waste at the construction site, which will help decrease the amount of junk that ends up in landfills.

The government plans to minimize the volume of construction waste and increase the creation of recyclable materials from them to 10%. The authorities announced that this will happen in 2035.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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