Plastic Recycling Feasibility with the Triple-Layered Business Model Canvas

Abstract

The massive consumption of plastic material and its waste worldwide has made it necessary to find alternative solutions to reduce the size of landfill areas and recover their energy content. Pyrolysis is one of the chemical recovery technologies for plastics whose return on investment is estimated between 16% and 21%. This article aims to use the Triple Layer Business Model Canvas tool, which considers the elements of a business model visually and dynamically based on the three pillars of sustainability (economic, environmental, and social). This approach allowed for a comprehensive analysis of the sustainability-oriented business model. As a result, we concluded that pyrolysis is viable as a complementary process to other means of mechanical recycling and energy recovery.