With the depressed global price of oil, countries around the world including Malaysia, is seeing its currency depreciate against the US dollar. Prices of essential goods and services have gone up, and the people are naturally feeling the pinch.
In fact, for possibly the first time in Malaysian history, favourites such as a cup of teh tarik or kopi tarik which sells from RM1.80 to RM2.20 depending on where one goes, is more expensive than a litre of petrol which was revised to RM1.70 as of February 2015.
The local economy is slowing, and this is an indisputable fact. The impending introduction of GST in April 2015 will further raise prices of essential goods and add to the discomfort felt by most Malaysians, especially the lower income group.
With the depressed price of oil, no more will the likes of Petronas, Malaysia’s national oil company, be able to pump funds into the Government coffers to prop up or fund national economic programs.
But, there is one saving grace – Green Rubber. This patented product which is the official name for the world’s first and only recycled rubber process made possible by the patented DeLink technology of Green Rubber Global Ltd, a Petra Group company, may just save the Malaysian economy from ruin.
The Petra Group, helmed by President and CEO, Datuk Vinod Sekhar, is set to launch a rubber recycling plant in Malaysia in the next few months, and others through interested third parties around the world.
New and innovative products made from recycled rubber which was previously not possible, will now be produced. Economies around the world will benefit from this as they find new uses for the discarded rubber tyres in their countries.
Globally, it is estimated that over 1.3 billion tyres are discarded annually. And now a new ecosystem will crop up, taking advantage of these discarded rubber tyres to turn them into useful products.
It will be wishful thinking to assert that Green Rubber alone can save the world. Certainly not. But one fact in its favour is that without the upgraded DeLink technology, the pollution caused by discarded rubber tyres will continue as a growing catastrophe.
Now, this can possibly be halted or at the very least slowed down due to recycling. For that, if nothing else, the world owes a debt of gratitude to Vinod, his company, and Green Rubber.