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Fishy Filaments has developed a fishing net recycling process that enables immediate use of net materials in 3D printing and injection moulding. In a global cleantech market there is growing interest in new solutions that help protect our shared oceans and coastal communities.

  • Filament sold to over 200 customers in 20 countries
  • Repeat customers now adding to product ranges
  • Growing market for higher grade 3D printing materials
  • Emerging international market for recycling tech for marine plastics

Idea

The EU estimates that just 1.5% of used fishing nets are recycled and has recently enabled new laws to try and increase that.

All commercial fishing in EU waters will be covered by those new laws by 2025 but the issue of waste nets is global.

Our company is recognised at a policy level as having potential to help meet those goals.

Market research suggests that an estimated 100,000 tonnes of nets are made every year globally from nylon that could be recycled using our process and technology.

Our proprietary fishing net recycling process fits in a standard shipping container and could enable commercial fleets or local stakeholders to manage their own net wastes, potentially at a profit, AND can provide a low carbon raw material from which new products can be made.

At our pilot plant in Newlyn, Cornwall, nylon is recovered from old nets and up-cycled to a grade that allows sale into both conventional injection moulding and 3D printing markets.

Since commercial launch in Jan 2019 around 2 tonnes of nets have been recycled and sold to over 200 customers in over 20 countries. Interiors, eyewear and prototyping are currently the largest repeat B2B consumers, but our Marine Nylon™ is a tough, versatile polymer and new ideas are coming in every week both from the UK and overseas.

Our technologies are designed to help fishing communities control their waste nets and build industrial resilience.

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This pitch is approved by Crowdcube

This pitch is approved as a financial promotion by Crowdcube Capital Limited. Every pitch on Crowdcube is reviewed to ensure it is fair, clear and not misleading.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Fishy Filaments has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.