Recycling Technologies, the innovative Swindon firm making machines that convert waste plastic to oil, has received an investment from a London-based specialist fund.
Recycling Technologies, which is building a pilot plant in Swindon to demonstrate its pioneering process, will use the funding to help market its machines. 
It is already in advanced discussions with a large number of potential customers and industry partners in the UK and abroad.
The machines convert mixed plastic waste (MPW) which usually goes for landfill or incineration into PlaxOil, a clean heavy fuel oil (HFO) alternative that can be sold or used as a fuel in localised on-demand CHP (combined heat and power) plants.
The units are capable of processing up to 7,000 tonnes of waste a year.
Unlike other waste streams such as glass, paper and separated plastics such as PET and HDPE most MPW is currently not recycled. Around 30m tonnes of plastic waste goes to landfill or incineration in the EU every year simply because it is mixed.
The funding – details of which have not been disclosed – comes from EcoMachines Incubator, a seed fund and accelerator for start-ups in the energy and resource efficiency space,.
EcoMachines CEO Ilian Iliev said: “We have chosen to support Recycling Technologies because they provide an innovative and practical solution to the world’s pressing plastic waste problem.
“Plastic is one of humanity’s most useful inventions, yet plastic waste is one of today’s major environmental pollution problems.
“At a time of flux in the waste industry, the company's team impressed us with their vision and growth ambitions. We are excited that Recycling Technologies are joining our Accelerator programme.
“We will be working with the company to help it access target markets and scale its waste-to-oil model in the UK and beyond.”
Recycling Technologies founder and managing director Adrian Griffiths said: “EcoMachines’ investment and support will help the company to accelerate, bringing this exciting technology to the market quickly.
“It's nice to be a part of something that will have huge environmental benefits as well as providing exciting shareholder returns.”
Recycling Technologies was spun out from the University of Warwick in 2011. Last year it opened its research and development and production facilities in Swindon to develop and manufacture its patented modular recycling system.
EcoMachines was joined in the investment round by business angels with professional experience in the energy and waste industry.
