Grangemouth-based Impact Recycling, a plastic recycling company, secures a €3.8 million follow-on investment from VC firm IW Capital for its water-based density separation technology.
Impact Recycling, founded in 2014, has a patented BOSS technology that separates mixed plastic waste into high-purity polyethylene and polypropylene streams.
The company's ability to recycle rigid and flexible plastics makes it unique in the mechanical recycling sector, serving clients in the healthcare, packaging, and waste management industries.
The investment will support Impact Recycling's business development and expansion in alignment with regulatory initiatives like the EU's Plastic Packaging and Plastic Packaging Waste Directive.