Might be profitable, but definitely not green nor sustainable. It only works because so far there are enough first world hipsters to buy that crap at an outrageous price to allow for a profit margin. Meanwhile the whole process uses way more raw oil than making the same items out of new plastics or even burning this shit and making new items out of purely organic materials. On the other side, it doesn't even clean up shit because of the insignificant volumes and the used newly recycled items will end back in the sea or ground water anyway, since the recycling chain is far from getting fixed.