Grangemouth based Recycling the impactA plastic recyclable company that recovers high-purity recycling polymers from the next consumer waste, the VC firm has received € 3.8 million follow-on in investment from the IW Capital.
David WalshImpact recycling chief executive officer says: “This investment identifies an important milestone on our journey. We are in a good position to scale our activities, with the demand to achieve the Global Partners and our licensing model traction. We are thrilled as a partner of the IW Capital as well as the development of business and our market presenceThe “
Established in 2014, a patent known as a surprise rock separation system (surprised Dolan separation system) has developed and commercialized technology. This process separates mixed plastic waste in two high-purity output streams: polythene (PE) and polypropylene (PP)-each exceeds 95% purity.
The agency says it is the ability to recycle both the plastic both rigid and flexible, which is located as a unique company in the place of mechanical recycling.
Impact recycling health care, packaging and waste management sector serve the United States and European clients, including Glasgow and Peterol Operational Plant.
Its Glasgow site specializes in recycling medical plastic waste from NHS, when its Peterley Site recently expanded to include a sophisticated facility capable of recycling a flexible film packaging-a challenge that has eliminated many traditional recycling according to impact recycling.
In November 2021, the Impact Recycling Innovate received grants from the UK and € 8.2 million Loan from Nestley, which supported its recycling benefits.
The following year, in January 2021, Impact recycling signed a license agreement with Cyclore to build and operate two 25,000 tonnes of plants in Cyclo Finland with Cycloing Cyclore. Once turned on, the plant will increase the country’s plastic recycling capacity by up to 50%.
The Korean Chemical Organization LG Chem is also a shareholder with whom Impact recycling has signed a license agreement.
In the background of more investment regulators in the recycling of IW Capital’s impact is like the EU in a background of telwinds Plastic packaging and plastic packaging waste guide Which is aimed at reducing the environmental impact of plastic packaging and 35% recycling content in any plastic packaging by 2030, has been promoted to 60% by 2040.
The company will use new investment for business development and to continue scaling its business in the current and new markets.
Commenting on investment, Alan ArmstrongChairman of the IW Capital and the head of the investment said: “The recycling of effects we are proud to support the business we are proud to support – deeply innovative, commercially proven and play an important role in the future of sustainable materials. Their-owned boss technology and powerful customer traction creates a standout opportunity in the market through their fast regulators and customer-driven changesThe “
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