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307%
Raised
£3,693,162
Investors
1472
Target
£1,200,000
Equity
12.70%
Pre-money valuation
£25,380,610

In a world where 8m tonnes of plastic waste enter our oceans every year, Recycling Technologies has developed an innovative machine to recycle plastic in a commercially attractive way. The machine is designed to turn plastic back into the oil it originally came from, for it to become plastic again.

  • Beta Plant successfully operated at Swindon Council’s recycling centre
  • First RT7000 installation agreed and 30% of oil already sold
  • Plan to build 1300 more by 2027 recycling 10mt of plastic each year
  • Supported by Innovate UK, BEIS and the Scottish Government
Information Recycling technologies have secured £2,223,892 prior to launching their campaign on Crowdcube from a number of existing and new investors on the same price as offered to the crowd. To offer a transparent and clear picture to investors, this amount is reflected in the progress bar above. Shares will be issued to these investors and some funds may be spent prior to the closure of the round on Crowdcube. Investment of £8m is required to enhance the RT-Beta Plant and then build and commission the first commercial RT7000. After this crowdfunding, the company intends to raise the balance of £8.0 million funding through a subsequent round. The company makes no representation as to the success of an application for EIS relief.

Idea

Plastic is fantastic, used everyday, everywhere in our lives. However, when plastic packaging becomes waste just 10% is recycled; the rest is landfilled, incinerated or lost in our environment and our oceans. With demand for plastic expected to double in twenty years, the need to rapidly increase plastic recycling capability is urgent.

Recycling Technologies has developed and patented a machine, the RT7000, that chemically recycles plastic waste back into oil, Plaxx®. This is a petroleum raw material that can be used in new plastics production, as well as chemical feedstock & waxes. The RT7000 is designed to recycle hard-to-recycle plastics like crisps packets, black food trays etc.

Waste site operators and local councils are crying out for attractive alternatives to the landfilling and incineration of mixed plastics, which cost them today over £80 per tonne. The RT7000 is designed to fit into recycling centres and enables their operators to turn this plastic waste liability into a product, Plaxx®, which has a value of c.£300 per tonne in the marketplace.

RT7000 is modular and will be mass-produced, enabling a rapid roll-out anywhere in the world. Starting with the 1st commercial RT7000 in Scotland this year - part-funded by the Scottish government - within a decade the company plans to install capacity to recycle 10 million tonnes of plastic annually, 3 times EU’s capacity today.

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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.

Recycling Technologies 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.