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$MULN BMW Plans to Use Recycled Fishing Nets in Upcoming EV Models

As the world moves toward a more sustainable energy model, electric vehicles have emerged as a viable replacement for conventional fossil fuel vehicles. Powered by rechargeable lithium-ion batteries, electric cars are all about clean energy and sustainability. Since they use electricity rather than gasoline for fuel, EVs produce zero emissions at the tailpipe, making them quite suitable for a carbon-free economy.

Carmakers are employing a variety of tactics to carve up the nascent electric vehicle market for themselves. For example, BMW recently made an announcement that could make the German carmaker quite popular among environmentally conscious drivers. The company announced that an upcoming line of BMW EVs, the NEUE KLASSE, would feature plastic components fashioned from 30% recycled fishing nets and ropes.

As a result, NEUE KLASSE will have interior pieces with a 25% smaller carbon footprint compared to car parts made using traditionally manufactured plastic. An official statement from BMW said that the company had partnered with Danish firm PLASTIX to take marine plastic waste recycling a “step further.” The statement outlined how used fishing nets and ropes were recycled, explaining that they underwent an innovative process that created plastic granules from the fishing equipment.

The statement revealed that the recycled material created by this process could be used in the injection molding process, something that had not been possible with recycled marine plastic before. This allowed the company to develop vehicle components that consisted of 30% recycled material. On top of attracting ecofriendly car buyers, BMW’s successful attempt to include marine recycled materials in its vehicles could also bring more awareness to the insane amount of pollution in our waters.

The Great Pacific Garbage Patch is a significant collection of plastic and discarded rubbish in the Pacific Ocean, somewhere between California and Hawaii. It consists of larger floating plastics and smaller microplastics that have been degraded after years of exposure to the waves, marine life and the sun. Nearly 50% of the Great Pacific Garbage Patch is made of commercial fishing nets. These nets have contributed to the growth of the patch over the decades by snagging more rubbish and debris from the sea.

By creating a market for used fishing nets and ropes, BMW and other EV companies could incentivize the fishing community to bring in their old nets and sell them rather than cutting them and letting them drift into the sea when they tangle up, ultimately reducing the amount of plastic waste released into the sea.

Given that the EV industry is in its relative infancy, we are likely to see a lot more innovative features from various manufacturers such as Mullen Automotive Inc. (NASDAQ: MULN) that are geared at cornering different segments of the motoring public in the way that BMW wants to position itself as an ecofriendly firm recycling discarded fishing gear.

NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN

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Wednesday, September 21st, 2022 News