The technology is owned by a private entrepreneur who conceived it in the wake of the Exxon Valdez oil spill disaster (1989). To date 100% equity funded.
The project was shelved in 2001 due to competing personal priorities of the shareholder who now wishes to revitalize & launch it commercially on a global scale.
External funding is needed for the commercial launch:
- The initial & basic business model is to manufacture & market ORCA units for sale to end users globally.
- When critical mass is reached, an operating leasing model (i.e. “provider of cleanup services”) may be evaluated on merit & on a case-by-case basis.
EcoMagazine: Double Duty, ORCA’s Vortex Technology Cleans Plastic from Oceans
