Oct. 15, 2021


Freddy Carrión-Rivas

Colombia

Freddy Carrión-Rivas

Co-founder, Compostpack

TBY talks to Freddy Carrión-Rivas, Co-founder of Compostpack

BIO

Freddy Carrión-Rivas started Compostpack while studying to propose a business model for a cleaner world. After pursuing a career in banking and investments in NYC, he focused on the mission of contributing to shifting human habits for the future of life.


What is Compostpack's value proposition?

Compostpack's aim is to change plastic consumption and industry habits. We do this by tackling contamination, which is reflected in the accumulation of garbage in soil and water. This is why we invented Compostpack, we are specialists on the development and trading of compostable bioplastics for a cleaner world. We aim to reduce contamination with our materials and change industry and consumption habits. Our materials are environmentally friendly and help reduce the accumulation of garbage, which is part of the global environmental crisis. Our bioplastics are extracted from nature and eventually reintegrate into nature. It is a cycle—we extract material from nature, transform it, use it, manage its post-consumption, and reintegrate it back in the form of a high quality soil fertilizer.

What changes would you like to see in Colombia's current recycling and waste management processes?

Colombia and South America's waste management infrastructures and capabilities are not as efficient as in European countries, for example. This is why our approach to waste management is to integrate the private sector. We have developed optimization algorithms for routes and logistics procedures to create a pre-composting logistics system. In other countries, the state is in charge of these tasks, for example, waste management accreditations and infrastructure investments. In Colombia, the private sector has an important role in waste management infrastructure and logistics, which is a key part of the chain. Investment is highly welcome in this economic chain through initiatives like ours to increase Colombia's collection capacity and to ensure all bioplastics and compostable products that are sold are composted. This is what we tell all our customers—if they purchase material from us, we can pick it up after they use it and ensure it is composted. However, this requires a change in habits. You have to integrate consumption with the post-consumption, and there is a cost. There is still a lack of investment not only in the logistics business, but also in educating and publicizing these issues. It is important we teach ideas about the circular economy, waste management, and the integration of consumption and post-consumption in schools. This is key to improving waste management.

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