Paint is plastic! Steel is corroding and paint is used as protection. We estimate that the actual level of paint micro plastics entering the ocean globally could be as high as 1.5m to 2.7m tonnes per annum. There is a growing market due to regulation: in 2019 the Norwegian Environmental Agency told oil majors to collect paint residuals during surface treatment.
The Pinovo Solution
- Pinovo Zero Emission Circular Sandblasting System prevents microplastics entering the ocean and grit entering the workplace during surface treatment.
- Pinovo’s technology is patented, operational, proven and years ahead of the competition. No direct competition or affordable alternative methods.
- Pinovo’s method can save customers up to 65%.
- Industry experienced management team in place, operation in Norway and the UK, ~0,7m€ in revenue in 2019, ~14m€ invested into the company.
- The worlds largest market at our doorstep, with 80 rigs in the Norwegian continental shelf emitting 40-60 tonnes of microplastics. Pinovo can reduce this to zero!
- One Pinovo machine can save 250 kg microplastics from entering the ocean per year.
- Pinovo provides full impact on SDG 14.1 (zero emission of microplastics) and SDG 12.4 (reuse of blasting grit).
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In autumn 2019, Pinovo AS was one of 13 companies out of 800 applicants selected by Katapult Ocean (KO) in Oslo to participate in their second Accelerator. KO are now shareholders in Pinovo AS.
In June 2020, Pinovo was selected for the Finals of the World Economic Forum (WEF) Uplink Ocean Solution Sprint with this pitch
The WEF subsequently published a video on Pinovo to increase awareness of the problem of ocean microplastics from paint and the Pinovo Solution
This in turn led to increased interest from the impact community as well as the Norwegian Prime Minister who sent a congratulatory video