Finnish company Neste, a leading provider of renewable diesel, renewable jet fuel, and French company Mirova, have announced a combined €10m investment into Swindon-based Recycling Technologies, a specialist plastic recycling technology provider.
The aim is to accelerate the development of chemical recycling and foster the transition to a circular economy for plastic. This investment provides the capital to start building Recycling Technologies’ first commercial RT7000 machine in Scotland.
The RT7000 is a scalable patented technology that recycles mixed plastic waste into waxes and petrochemical feedstocks, trademarked as Plaxx, for new plastic production. It enables the creation of value from plastic waste which is today difficult or impossible to recycle.
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