Recycling Technologies returns to crowd-funding to launch its recycling machine

摘要

Recycling Technologies opened its second campaign to raise a minimum of ￡ 1.3 m with Crowdcube as it seeks to build and open its first commercial plant in Scotland.This follows its successful debut Crowd-cube funding round in February this year which closed at ￡3.7m,well ahead of its scheduled completion date.Recycling Technologies has developed and patented a plastics recycling machine,the RT7000,that is claimed to turn plastic waste back into oil called Plaxx from which new plastics can be made.The machine heats up the plastic in the absence of oxygen to break the waste plastic down into Plaxx.This process allows the RT7000 to recycle also plastics commonly considered unrecyclable such as plastic film,and laminated plastics such as food pouches.Furthermore,the RT7000s are modular allowing them to be transported and installed within existing waste management facilities where the majority of the residual plastic waste already arises.