Using the latest in technology to recycle a wider range of plastics with environmentally friendlier results. Recycling Technologies have created the RT7000, a machine that processes plastic waste and recycles it into Plaxx®. This new product can be used in wax products, as well as new plastic. Plastic products that are generally considered non-recyclable such as food trays and pouches, films and crisps packets can be processed by the company's machine.
Contributions in the funding round will be invested towards developing around 200 RT7000 machines per annum at the company's manufacturing site, with a 2027 target of 1300 RT7000s to be leased to other businesses. Recycling Technologies has predicted that that from 10m tonnes of plastic, 7m tonnes will be processed into Plaxx®. Furthermore, funds will be allocated to expand the team and Binn Ecopark site, as well as run a 24/7 trial on their new plant.
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£39,612,728
pre-money valuation
3.18%
equity available
1,394
investors
£1,390
pledge per investor
07528795
company number
Dissolved
company status
Equity Calculator
£
%
Previous Funding rounds
02 May 24 | Crowdcube | £1,938,060 / 149% |
Officers
Paul Richard TURNER
Appointed: 02-08-2018
News
Recycling Technologies to be formally dissolved - letsrecycle.com
09/10/2023 letsrecycle.com
Recycling Technologies - OMV Group
09/11/2023 OMV Group
Recycling Technologies: What happened to collapsed Swindon company? - Swindon Advertiser
13/09/2023 Swindon Advertiser
Alterra and Hefty ReNew™ Collaboration Advances Plastic Recycling Technologies - environmentenergyleader.com
01/05/2024 environmentenergyleader.com
Greenback Recycling Technologies acquires Enval - Interplas Insights
18/09/2023 Interplas Insights
Recycling Technologies' assets sold for £310,000 - letsrecycle.com
16/05/2023 letsrecycle.com
Collaboration Greenback Recycling Technologies, Nestle Mexico, AEPW sees construction second chemical recycling ... - Sustainable Plastics
04/08/2023 Sustainable Plastics
Greenback Recycling Technologies acquires Enval - Resource Efficient Business
20/09/2023 Resource Efficient Business
Administrators note £22.8m 'deficiency' at Recycling Technologies - letsrecycle.com
17/11/2022 letsrecycle.com
InvestmentPitch Media Video Features Zero Carbon Technologies, Focussed on Recycling Technologies, Particularly ... - Markets Insider
05/04/2024 Markets Insider