Swindon, UK based, Recycling Technologies, which has developed a chemical recycling technology for non-recyclable waste plastics, has closed a recent funding round raising £5 million.
The company said that it is now actively on the lookout for further sites for its chemical recycling machine which turns residual plastic waste back into the oil it originally came from.
The firm added that it has operated successfully at the Swindon Material Recovery Facility (MRF) based in Cheney Manor using its technology to produce a low sulphur hydrocarbon product called Plaxx®. Plaxx can be used as a feedstock for new polymer and wax manufacturing, replacing fossil-fuel derived raw material.
