A UK provider of recycling and environmental technology based in Cambridge have recently attracted some fresh backing for the commercialisation of its technology for the recycling of plastic and aluminium laminate packaging.
Here, at the heart of our busy skip hire head office we were interested to find out that a syndicate of investors have just secured the deal including Cambridge Enterprise, (the university’s commercialised arm) along with business angels from both Cambridge Capital Group and Cambridge Angels.
Though The Cambridge University syndicate have declined to reveal the exact amount raised it is believed to be some serious Wonga!
Thus far plastic/aluminium laminate packaging has been non recyclable; the company’s patented technology offers a new recycling route. This new technology segregates the material into its constituent components providing clean aluminium that can be used as fuel or chemical feedstock.
Posted by TopSkips.com