47.28 F
London
February 23, 2025
PI Global Investments
Private Equity

Impact Recycling nets £6m investment led by private equity backers


Plastic waste innovator Impact Recycling has secured a £6m investment led by private equity firm IW Capital.

The specialist in plastics separation, which has sites on Tyneside and in County Durham, already had the backing of IW, which has invested £4.6m in the business since 2019. The latest sum is said to come at a time when the regulatory environment has tightened, particularly given the European Packaging and Packaging Waste directive introduced earlier this year.




New regulations require 35% of recycled content to be used in any plastic packaging by 2030, rising to 60% by 2040. Impact’s BOSS, or Baffled Oscillation Separation System, separates mixed plastic water to recover polyethylene (PE) and polypropylene (PP), each with over 95% purity.

Read more: Tyneside tech firm TSG completes MBO with multimillion-pound investment

Go here for more climate agenda news

The water-based recycling process is said to capture significant quantities of polyethylene and polypropylene – both used in a wide variety of products – and reduce the need for landfill an incineration. Once diverted, the substances are formed into a resin which is sold to manufacturers.

Applications for the BOSS technology include laminate and multilayer plastic film which are otherwise incinerated or sent overseas and dumped in landfill and waterways which the firm says can create long term environmental problems. It is also being adapted for turning waste fishing nets and waste carpet into recycled materials.

Last year Impact revealed it had secured investment from South Korean giant LG for the separation tech. The Seoul-based company said it envisaged following its injection with a license agreement. Impact has also received funding through Innovate UK and the EU’s LIFE programme.



Source link

Related posts

Citing Steward Health, lawmakers take aim at private equity in health care

D.William

Goodwin guides Equistone in Sport Group sale to KPS Capital Partners

D.William

How to invest in the VIP world of private assets

D.William

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.