Recycling Technologies in Wroxhall equity financing deal

Warwick University spin-out Recycling Technologies has completed an equity financing deal with the Wroxall Investors Group.

Recycling Technologies was formed to commercialise a process developed at the university that transforms mixed plastic waste heat into heat into heat and electricity.

With the first machine due to go into production in 2014, the investment by Wroxhall will allow Recycling Technologies’ team and company infrastructure to be expanded at its Swindon base.