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Successfully funded
Capital at risk
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’

THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE BY THE COMPANY RAISING FINANCE AS IDENTIFIED ABOVE (THE "COMPANY") IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY AND SUBJECT TO THESE TERMS AND CONDITIONS.  CROWDCUBE CAPITAL LTD IS AUTHORISED BY THE FCA AND CARRIES OUT DUE DILIGENCE ON EACH COMPANY THAT LISTS ON CROWDCUBE AS SET OUT HERE.
 
This investment opportunity is not an offer to the public and is only available to registered members of Crowdcube.com who have qualified and categorised themselves as able to invest.  The investment opportunity is not directed at persons located in the United States, Canada or Japan. Any person resident outside the United Kingdom who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict access.
In particular, unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended, subject to certain exceptions, that any offering of the securities mentioned in such materials (the "Securities") by the Company would be made, or any documentation be sent in or into, the United States, Canada or Japan.  There will be no public offering of the Securities in the United States.
 
In order to access the pitch you must first become a qualifying member of Crowdcube on the basis of your status as either (i) self-certified ‘high net worth investor’, (ii) certified ‘sophisticated investor’, (iii) self-certified as a ‘sophisticated investor’ or (iv) certified as a ‘restricted investor’, in each case in accordance with the FCA’s Conduct of Business Sourcebook Chapter 4.7.  Potential investors are encouraged to "cross examine" the Company by interactive due diligence and use of the available online forums to bring the "wisdom of the crowd" to bear.  Accessing the pitch also means you agree to Crowdcube’s most recent website terms and conditions and investor terms and conditions, which include Crowdcube's limitation of liability.
 
If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.  Crowdcube’s or the Issuer’s press announcements and this information page do not constitute an offer to sell securities of the Company.  Further, it does not constitute a recommendation by the Company, Crowdcube or any other party to sell or buy securities in the Company.
 
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Recycling Technologies

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