A Swindon company whose innovative new technology converts plastic waste back into oil could be opening England's first plant – in its home town.
South Marston-based Recycling Technologies announced today (Monday, January 7) that it was in talks with Swindon Borough Council and eco-generator Public Power Solutions – a wholly-owned subsidiary of the council – about building a plant in the borough.
Recycling Technologies has developed and patented a plastics recycling machine, the RT7000 that converts plastic waste back into oil, called Plaxx, from which new plastics can be made.
The first of Recycling Technologies’ RT7000 feedstock recycling machines is due to open in Scotland later this year. The Swindon plant would be the second.
In November last year, the company launched a £1.3m crowdfunding campaign to help it roll out the first 12 RT7000s globally.
Adrian Griffiths, CEO and founder of Recycling Technologies, said: “We are delighted that Swindon, the home of our manufacturing facility and HQ, is hoping to also be the home of England’s first aPRF which includes our RT7000 feedstock recycling machine.
"There is an urgent need for more plastic recycling capacity in the UK to not only stem the flow of plastics into landfill and our environment, but to also create jobs and boost economic prosperity across the region.”
Bernie Brannan, managing director of Public Power Solutions Ltd, said: “Working for our shareholder Swindon Borough Council and, having seen the results of the Project Lodestar, we are committed to having a Lodestar-inspired facility in Swindon by 2020 in order to make Swindon the leading council in England for plastic recycling.”
Councillor Maureen Penny, Swindon Borough Council’s cabinet member for highways and the environment, said: “I am delighted Recycling Technologies is working with Public Power Solutions to develop this exciting plastic recycling technology in Swindon.
"We are currently developing future action plans on how we manage our waste as part of our recently-adopted 10-year Waste Strategy.
“An important part of the strategy focuses on utilising new technologies so this working partnership fits in perfectly to our wider vision of waste management.”
Meanwhile, Swindon and Wiltshire Local Enterprise Partnership has agreed in principle to grant a £1m Growing Places Infrastructure Fund loan that will help Recycling Technologies speed up the production of its RT7000s.
The SWLEP repayable loan has been made available from an £8m capital-only fund used to invest in projects that create new jobs and deliver economic growth to the Swindon and Wiltshire area. Recycling Technologies says the RT7000 project will create in excess of 300 manufacturing, operations and engineering as well as apprenticeships backed by the Institute of Technology
Paddy Bradley, director of SWLEP, said: "The Growing Places Infrastructure Fund is designed to give organisations like Recycling Technologies an injection of capital to help take them to the next phase. This will have a wider knock-on impact for the Swindon community as new jobs and opportunities are created.
"We were impressed by Recycling Technologies’ application and plans and are delighted to be involved in a business that is building capacity for our community in order to address such an important issue.”