With up to 8 tons of plastic being recycled daily at the Newcastle facility, Impact Recycling has passed its first milestone using the patented B♻SS plastic recycling technology. The business is now raising investment to expand in the UK, US and Europe.
It has become a well-known soundbite that by 2050 there will be more plastic in the world’s oceans than fish. We see new images daily of sea life struggling with the plastic in our oceans.
The underlying cause of ocean plastic is that plastic is difficult and expensive to recycle. Plastic is either incinerated, landfilled, or sent to environmentally insensitive countries where labour is cheap & the 'easy to recover' materials are cherry-picked. The rest is disposed of in the environment.
We view waste plastic as a valuable raw material. Impact Laboratories Ltd spent 5 years developing the B♻SS technology to recycle waste plastic. Impact Recycling currently has an exclusive license to capitalise on this technology & to deploy it globally. B♻SS uses “baffled oscillation” to separate different types of plastic into individual streams pure enough to replace virgin plastic used in manufacturing. We believe the cost benefit to plastic product manufacturers is compelling.
B♻SS has been awarded grants from Scottish Enterprise and Innovate UK. The European Commission awarded the technology a seal of excellence.
Our first plant in Newcastle is operational since Q2 2018 & has attracted interest from major industry players across Europe and the USA as part of a circular economy solution. Our plan is to open five additional plants across these markets by Q1 2020.
Disclosure: company has loans