Olyns | July 29, 2021
Olyns, a global leader in technology-driven recycling solutions, announced the release of a new bottle collection machine intended for high-traffic indoor areas. The innovative system offers a simple method for consumers to redeem bottle deposits while receiving rewards through a mobile app to encourage plastic recycling. The technique also helps in the removal of obstacles associated with the collection and transportation of recyclables.
PepsiCo collaborated with Olyns earlier this year to create a trial program in one Safeway store, which has expanded to gather about 1,000 containers each day, or roughly 30 customers per day depositing. In addition, Olyns machines are now available at Safeway stores in Milpitas (#1879) and Santa Clara (#1990).
A single Olyns machine can compress and store over 1,000 plastic bottles, 850 aluminum cans, and 50 glass bottles each year, producing over 1.5 metric tons of pure recycled PET. The eye-catching, clean, and odorless machine also functions as a media platform, with a 65-inch full-motion glass HD video display, providing advertisers with a one-of-a-kind opportunity to reach consumers.
The Olyns bottle collection machine crushes and separates materials to complete transactions, employs AI-image recognition for dynamic deposit returns, and employs touchless NFC login through the Olyns mobile app. In addition, Olyns may refund customers via the Olyns app through Paypal for every container they deposit in a machine in the ten-bottle bill states (states having bottle deposit laws to promote recycling). Olyns machines are unique in that they are maintained by members of the gig economy, who use the Olyns mobile app to get "empty machine" alerts and pick up and transport deposited containers to recycling centers.
Olyns machines also serve as a media platform, assisting in further consumer recycling incentives and company growth. Eighty-eight percent of customers want businesses to help them live more sustainably, providing a chance for brands to engage this audience during their recycling experience. The dual-purpose displays can broadcast inspiring content to promote the importance of recycling while also serving as a powerful advertising network, communicating with millions of customers, and influencing purchase decisions at points of sale.
Olyns develops technology-driven recycling solutions to satisfy the demand for recycled plastic (RPET) and accelerate the transition to a circular plastics economy via a new recycling model that solves the key problems of access, incentive, revenue, and labor. The Olyns recycling platform consists of an elegant bottle collection machine designed for high-traffic indoor locations and a gamified mobile app that offers bottle refunds, rewards, and environmental impact dashboard, and a community leaderboard. Olyns machines are visually appealing, clean, and odorless, and they also serve as a media platform for advertisers. Each machine features a 65-inch full-motion HD video screen that serves as a powerful advertising platform for brands. Gig workers use the Olyns app to collect and transport deposited materials from machines to recycling facilities. In the United States alone, there are around 140,000 indoor places where Olyns machines could be placed. Malls, service stations, transportation hubs, cinemas, stadiums, and corporate campuses are good places for Olyns machines.
KBC, Baker Hughes, C3.ai, Inc. | June 09, 2021
Today, Baker Hughes and C3 AI announced that KBC, a wholly-owned subsidiary of Yokogawa Electric Corporation, will deploy artificial intelligence (AI) technology from the BakerHughesC3.ai (BHC3) alliance to enhance KBC’s existing software portfolio for oil and gas process simulation, supply chain optimization, and energy management.
KBC is a leading consultancy and software provider for energy, chemical, and offshore oil and gas operations. The company’s process simulation software is widely adopted across hydrocarbon processing facilities, playing a critical role in helping operators meet production goals and maximize profitability.
KBC will leverage BHC3 technology across KBC’s oil and gas portfolio, adding enterprise AI capabilities to their existing digital transformation software. Petro-SIM, KBC’s leading process simulation software and optimization platform for driving excellence in facility performance and organizational productivity, has demonstrated bi-directional interoperability with the BHC3 AI Suite. By augmenting KBC’s simulation software with capabilities from BHC3, KBC will further help oil and gas assets improve process planning accuracy, deliver operational agility, and significantly reduce processing time.
This robust enterprise AI solution will provide continuous automated updates to physics-based simulations through a flexible, extensible model that scales to any industrial configuration and environment, with benefits extending into the supply chain. KBC anticipates the enterprise AI-enabled solutions will generate significant annual economic value for customers, estimating that improved operations will yield more than $0.65 per barrel.
Yokogawa previously announced its adoption of the C3 AI Suite to enhance enterprise AI applications across its vertical industries, including power generation, renewables, mining and metals, and chemicals.
KBC, a wholly-owned subsidiary of Yokogawa Electric Corporation, is all about excellence in the Energy and Chemical industry. We make excellence real for our customers through the actions of our people fused with our technology and best practices. We provide leading software and expert services powered by the cloud to assure process operations achieve their full potential. Our customers achieve operating performance that surpasses ordinary standards, now and into the future.
About Baker Hughes
Baker Hughes is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and operations in over 120 countries, our innovative technologies and services are taking power forward – making it safer, cleaner, and more efficient for people and the planet.
About C3.ai, Inc.
C3.ai, Inc. is the Enterprise AI application software company that accelerates digital transformation for organizations globally. C3 AI delivers a family of fully integrated products: C3 AI® Suite, an end-to-end platform for developing, deploying, and operating large-scale AI applications; C3 AI Applications, a portfolio of industry-specific SaaS AI applications; C3 AI CRM, a suite of industry-specific CRM applications designed for AI and machine learning; and C3 AI Ex Machina, a no-code AI solution to apply data science to everyday business problems. The core of the C3 AI offering is an open, model-driven AI architecture that dramatically simplifies data science and application development.
Cen | September 17, 2020
CEFIC, Europe’s leading chemical industry association, is calling on the European Commission to allocate a share of Europe’s proposed $875 billion COVID-19 Green Recovery fund to the chemical industry to help it recover from the pandemic and simultaneously transform itself into a more environmentally sustainable business. Over the next few years, the Commission plans to make about $455 billion in recovery funds available in the form of grants and another $420 billion as loans.