PlasRecyle raises £2.7m to expand its plastic recycling operations.
The funding follows previous backing from investors including Foresight and the Mayor of London's Waste and Recycling Board.
PlasRecyle operates the first UK facility dedicated to recycling plastic shopping bags and films into clean granulate. The company aims to replace virgin materials and expand its processing capacity.
PlasRecyle has secured £2.7m in funding to support its plastic recycling operations. The company operates the UK's first facility for recycling plastic shopping bags and films into clean granulate, helping to displace virgin materials.
Based on a site in London spanning more than six acres, the business aims to scale its production capacity. Previous backing for the enterprise included £6m from Foresight and £3.5m from the Mayor of London's Waste and Recycling Board.
Use of funds
- 01Build out infrastructure
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About the company
PlasRecyle
PlasRecyle converts mixed waste plastics into clean granulate for manufacturing.