Recycling Technologies.

Changing the story of plastic with Feedstock Recycling.

There is a growing global problem with plastic waste that cannot be recycled at the end of its life. Globally, only 12% of plastic production is effectively recycled, and plastic recycling today predominantly uses a mechanical approach, which is limited to specific polymers – mainly those used in drink and milk bottles. Recycling Technologies has engineered a modular and scalable machine – the RT7000 – to chemically convert plastic waste, which currently cannot be recycled, into Plaxx® – a valuable hydrocarbon product.

Technology & Products.

Chemical recycling is an emerging sector developing innovative technologies that turn plastic waste into base chemicals, monomers and feedstocks. Our patented technology is classified as feedstock recycling and uses thermal cracking to process residual plastic waste into a liquid hydrocarbon feedstock for use in the manufacturing of new polymers. The RT7000 is our proprietary technology which transforms plastic waste into chemical feedstock for plastic production. The machine uses a process called thermal cracking which breaks down the long chains of polymers into shorter chains through the use of heat in the absence of oxygen. Due to the nature of the process, the RT7000 is expected to tackle mixed plastics currently considered unrecyclable: films, food trays, laminated plastics such as crisp packets and even black plastic. Our technology is built to integrate with existing mechanical recycling infrastructure to increase the overall recycling capacity of both methods.

The Market.

We work with stakeholders across the value chain to help them meet government recycling and landfill reduction targets and resource efficiency aims. Recycling Technologies is signed up to the UK Plastics Pact, whose targets are:

Eliminate problematic or unnecessary single-use packaging through redesign, innovation or alternative (reuse) delivery model.
100% of plastics packaging to be reusable, recyclable or compostable.
70% of plastics packaging effectively recycled or composted.
30% average recycled content across all plastic packaging.

Business Model.

The company is still in the development stage and is dependent upon grants, R&D Tax Credits and external investors. The future business model is based upon building and installing the RT7000 at recycling centres around the world.

Fundraising to date.

Up to November 2018, Recycling Technologies has raised $11.9 million over eight rounds, and a further £9.4 million in March 202 from Neste Oyj and Mirova Capital. It is looking to raise a further £6m during the next 12 months.

Team.

Chair: Gary Bullard
CEO: Adrian Griffiths
Commercial Director: Ravish Jain

Contact: https://recyclingtechnologies.co.uk