PlasRecycle raises £3.8m through Envestors to scale plastic recycling operations
The funding follows previous investment rounds involving Foresight and Ironbridge Capital.
PlasRecycle operates the UK plant dedicated to recycling plastic shopping bags and films into clean granulate for manufacturing. The company focuses on replacing virgin materials and reducing landfill waste.
PlasRecycle has secured £3.8m through Envestors to expand its plastic recycling operations. The company operates the UK's first facility for recycling plastic shopping bags and films, converting mixed plastics into clean granulate to replace virgin materials.
The capital will support the management team's plans to increase production capacity and achieve economies of scale at its London site. Previous backers of the business include Foresight, Ironbridge Capital, and the Mayor of London's Waste & Recycling Board.
Use of funds
- 01Build out infrastructure
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About the company
PlasRecycle
PlasRecycle processes mixed plastic films and rigids to produce clean granulate for manufacturing.