Impact Recycling Secures £3.3M for Sustainability Expansion
Revolutionizing Plastic Recycling: Impact Recycling Secures £3.3M for Growth
In a world grappling with plastic waste, Impact Recycling has emerged as a beacon of innovation, turning challenges into opportunities. The Falkirk-based company announced it has secured a lucrative follow-on investment of £3.3 million from IW Capital. This funding marks a pivotal moment for Impact Recycling, led by visionary CEO David Walsh, who is determined to expand the company’s footprint in both existing and new markets. With sustainability at the forefront, their journey is one that investors should keenly observe.
The heart of Impact Recycling's success lies in its groundbreaking technology—the Baffled Oscillation Separation System (BOSS).
This patented, water-based density separation technology is revolutionizing the way mixed plastic waste is processed. By efficiently categorizing waste into two high-purity output streams, namely polyethylene (PE) and polypropylene (PP), both exceeding an impressive 95% purity, the company stands poised to capture a significant market share. Such technological advancements not only contribute to sustainability but also attract potential investment opportunities for savvy investors looking to back impactful solutions.
But the momentum doesn’t stop there. In November 2023, Impact Recycling further bolstered its resources by receiving a grant from Innovate UK and securing a £7 million loan from Nestlé, aimed at enhancing its cutting-edge recycling facility. With these funds, the company will not only drive business development but also push forward its commitment to sustainability and environmental stewardship. For startup founders and investors seeking to make a difference while growing their portfolios, Impact Recycling presents an exciting opportunity that aligns profitability with purpose.
Key Terms Explained
- Follow-On Investment
- A follow-on investment refers to additional funding provided by investors after an initial capital investment. It is usually meant to support the startup's growth and expansion.
- Baffled Oscillation Separation System (BOSS)
- This is a patented, water-based density separation technology used by Impact Recycling. It categorizes waste into high-purity output streams, revolutionising the way mixed plastic waste is processed.
- Innovation UK
- Innovate UK is part of UK Research and Innovation, a non-departmental public body funded by a grant-in-aid from the UK government. They provide funding and support for science and research projects, including startups.
Frequently Asked Questions
- How much funding has Impact Recycling secured for growth?-Impact Recycling has secured £3.3 million from IW Capital for their growth.
- What is the core technology of Impact Recycling?+
- Who are the major investors in Impact Recycling?+
- What opportunities does Impact Recycling present to startup founders and investors?+
- What are the high-purity output streams produced by Impact Recycling's technology?+
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