Enval secures funding for recycling technology
UK-based provider of recycling and environmental technology solutions, Enval has secured further backing for the commercialisation of its technology for the recycling of plastic and aluminium laminate packaging.
The technology offers a genuine recycling route for plastic/aluminium laminate packaging that has been unrecyclable, to date. It separates the material into its constituent components, producing clean aluminium ready for introduction into the secondary aluminium supply chain and hydrocarbons that can be used as fuel or chemical feedstock.
According to Enval, the process offers a beneficial outcome for waste that would otherwise be sent to landfill or incinerated.
Enval co-founder and CTO Carlos Ludlow-Palafox said the investment and the backing from its industrial partners, Kraft Foods and Nestlé will enable the company to bring its first commercial plant into service towards the middle of this year.
The new plant will be used to showcase the company's technology to potential customers across the waste sector.
Enval has secured the investment from a syndicate of investors including Cambridge Enterprise and business angels from both Cambridge Capital Group and Cambridge Angels.
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