Swindon, UK based waste plastic to fuels technology developer, Recycling Technologies, has been named in the 2016 Global Cleantech 100 Ones to Watch list.
The GCT100 ‘Ones to Watch’ list seeks to highlights up-and-coming companies that are catching the eye of leading investors and corporates in the market.
Recycling Technologies’ goal is to provide a scalable solution to boost the global recycling rate. To achieve this is has developed a chemical recycling process embodied in the design, the RT7000 machine, pictured above.
The Plaxx™ made by these machines is already claimed to be useable as a low sulphur fuel and wax substitute and fractions will ultimately be used by global polymer manufacturers as the feedstock for making more polymer, therefore making plastic a sustainable resource.
The company said that the RT7000 will be assembled on production lines then installed at Material Recycling Facilities [MRFs] around the world.
Recycling Technologies said that its inclusion on the ‘Ones to Watch’ list came against a backdrop of a record number of nominations received this year from across the globe. The shortlisted companies were selected from nearly 10,000 companies spanning 77 countries.
The nominees were weighted and scored to create a short list of 325 companies, with these short-listed nominees being reviewed by Cleantech Group’s Expert Panel.
To qualify for the list, companies have to be independent, for-profit, cleantech companies that are not listed on any major stock exchange.
“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,” explained Richard Youngman, CEO, CTG, “By the nature of the list, the ‘Ones to Watch’ truly represent the next cadre of exciting disruptive companies.”The companies which made the top 250 in this year’s Global Cleantech 100 programme are considered to have huge potential within the cleantech sector by a panel of expert judges.
Adrian Griffiths, CEO at Recycling Technologies commented: “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 has also recently announced that it has been shortlisted for a CIWM innovation award and that it has been selected to exhibit at the Innovate 2016 exhibition – the UK’s largest exhibition dedicated to showcasing the most innovative companies.
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