Recycling Technologies, the Swindon-based group whose technology converts unsorted plastic waste into a hydrocarbon material that can be used as a feedstock or fuel, has been named on a sustainability group's ‘One To Watch' list.
The Global Cleantech 100 'Ones To Watch' listing throws the spotlight on independent, for-profit companies that are not listed on any stock exchange and are deemed to have contributed to the development of clean technology.
Adrian Griffiths, Recycling Technologies' chief executive, said: “We are delighted to see that the huge potential for our sustainability as a service is once again being recognised, this time as part of the 2016 Global Cleantech 100 ‘Ones to Watch' list.
“The inclusion highlights the difference our technology can make to the recycling of residual plastic waste and to helping grow the circular economy that as a nation we all strive for because it can make a big difference to the health of our land and oceans.”
Recycling Technologies was created to commercialise the development of a plastics recycling technique originally developed by the University of Warwick.
It created a machine, the RT7000, which converts unsorted residual plastic waste, which would normally go to landfill or incinerators, into a low sulphur hydrocarbon called Plaxx.
Richard Youngman, chief executive of the San Francisco-headquartered Cleantech Group, said: “The Global Cleantech 100 programme is our annual in-depth research exercise to identify the innovative companies who are leading players that the market is most excited about right now.
“By the nature of the list, the ‘Ones to Watch' truly represent the next cadre of exciting disruptive companies.”