10th Dec 2021 17:48
Recycling Technologies Group Ltd - Swindon-based plastic-to-chemical feedstock recycler - Plans to raise GBP40 million via listing on AIM segment of London Stock Exchange in early February next year. Says its proprietary and patented RT7000 machine can process hard to recycle plastic waste that would otherwise be incinerated, put into landfill or leaked into the environment. Plans to primarily sell the machines to the waste management industry.
Company has number of global partnerships including with petrochemicals company Neste, consumer goods company Unilever PLC and food and drink firm Nestle SA.
"Through selling its machine to the waste management industry, Recycling Technologies believes it has created a new, profitable addition for the waste manager whilst improving their environmental credentials," company says.
By Greg Roxburgh; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Unilever