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Successfully funded
overfunded
Recycling Technologies
149%
Raised
£1,938,060
Investors
1394
Target
£1,300,000
Equity
4.66%
Pre-money valuation
£39,612,728

Recycling Technologies envisages a world where all plastic waste is recycled. They have developed a machine, the RT7000, to recycle plastics in a more commercially attractive way. RT7000 turns plastic waste into a product they call Plaxx®, for use in processes for making new plastic and wax products.

  • Pre-production RT7000 already producing Plaxx®
  • Leased manufacturing site with planned capacity of c.200 RT7000s pa
  • Sales channels agreed for Plaxx® from 12 RT7000s, Subject to Contract
  • Planning approved for first RT7000 and new waste sites identified
Information Recycling Technologies have secured investment 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 may be issued to these investors and some funds may be spent prior to the closure of the round on Crowdcube. Investment of £10m is required to build and commission the first commercial RT7000, upgrade the manufacturing facility and secure permitting and planning projects for plants 2 - 4. After this crowdfunding, the company intends to raise the balance of £10.0 million funding through a subsequent round. The company makes no representation as to the success of an application for EIS relief.

Idea

Plastic is a ubiquitous and versatile material. However, when plastic becomes waste, only c.12% is recycled. The rest is buried, burnt or lost in our environment. With demand for plastic expected to double in twenty years, the need to increase plastic recycling capacity is urgent.

Our patented RT7000 machine is designed to recycle a wide range of plastics, even those commonly considered unrecyclable - crisps packets, films, food pouches & food trays. Our output product Plaxx®, is a valuable raw material for use in processes for making new plastic and wax products.

The support of Crowdcube investors in our first round in April was overwhelming, attracting £3.7M from the crowd, existing investors and InterChem, who invested £1M. It funded upgrades to the pre-production plant at Swindon, enabled us to build the team to run 24/5 and secure assembly premises.

Proceeds from the current round will be used to procure RT7000 parts, develop the Binn Ecopark site, expand the team and run the Beta Plant 24/7. Our goal is to install 1300 RT7000s by 2027, producing 7 million tonnes (Mt) of Plaxx® annually from 10Mt of plastic recycling capacity – this is >3 times Europe’s entire recycling capacity today.

Your plastic footprint for life is the same as c.£60 worth of recycling capacity in RT7000.

There’s no time to waste. As Sir David Attenborough said, ‘The future of humanity depends on us’

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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.