Nano Technology Tyre Recycling Firm Secures Funding

Iona Capital has completed an investment in Gradena, which will manufacture highly homogeneous wood replacement goods from waste tyre and UPVC using a patented nano surface intensification process.

12 November 2012

London based environment investment firm, Iona Capital has completed an investment in Yorkshire based waste tyre and UPVC recycling specialist, Gradena which will manufacture highly homogeneous wood replacement goods using a patented nano surface intensification process.
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Nano Technology Tyre Recycling Firm Secures Funding

Gradena itself is a Joint Venture company between London based sustainability consultancy, Gradsol and nano technology solutions provider, Dena Technology, which has developed a technology that uses nano particles of rubber to produce a new 'wood replacement' product using micronized rubber for process intensification.

Iona explained that the EU Landfill Directive prohibited the disposal of whole tyres in landfill back in July 2003, and was extended to cover shredded tyres in July 2006.

With this ban in place, Iona said that it is helping to develop new facilities for the re-use and recycling of waste tyres, and that its investment is an important step in supporting tyre recycling technology that creates no harmful emissions and recycles all by-products.

According to the investment company, Gradena is planning to process around 1200 tonnes of waste tyres in its first year, and increase this number by installing more production lines.

Iona also claimed that the end product can be moulded and cut into a wide range of shapes to meet customer needs and will have specific physical and chemical properties that make it more desirable than natural alternatives. 

Dr Brian Sulaiman, inventor of the technology behind the process explained that the blending of nanomaterials with waste rubber and UPVC leads to the creation of a new material that has a very wide range of potential properties.

According to Iona the wood replacement product will be far less susceptible to degradation from adverse conditions such as heat, cold, dampness, wind, insects and UV, and at the end of their life will be able to be recycled into yet more new products.  

Nick Ross, Director of Iona Capital, said: "Iona is fully committed to providing funding for the development of environmental projects which help to achieve the zero waste to landfill target. This project is an excellent example of supporting leading edge technology and producing value added products which overcome the growing issue of waste tyres."

"The main selling point of the end products is that they are much more durable than their traditional counterparts and they provide considerable additional commercial benefits," explained Robert Paley, finance director at Gradsol.

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