Recycl8 secures 7-figure investment to accelerate process to aid climate change targets.
A North-east environmental tech firm which is developing a groundbreaking low carbon process for the construction industry has secured investment worth a 7-figure sum.
Recycl8 works in collaboration with the waste-to-energy and global construction industries to transform Incinerator Bottom Ash (IBA) often destined for landfill into a high-performing, low-carbon concrete solution.
With a capacity to help meet international climate change targets and contribute to the circular economy, Recycl8 has secured investment from a group of private investors lead by energy industry figures, Mike Wilson, founder of Ecosse Subsea Systems and Doug Duguid founder of global engineering firm, EnerMech to accelerate the technology’s journey to market.
Recycl8’s unique process will allow IBA to make up to 60% by volume of the concrete. By replacing high C02 emitting cement and other virgin quarried materials, their technology will help concrete manufacturers to reduce their carbon footprint and achieve their climate targets.
Newly appointed Recycl8 Director, Mike Wilson said: “Recycl8 is a solution-driven, future-focused organisation. The technology they have developed is truly a first in its field. If all UK concrete was made with Recycl8 technology we’d save around 2.1 million tonnes of CO2. This is a hugely exciting prospect, in particular for both the construction industry and waste to energy industry in their bid to tackle the carbon emissions challenges they face, as we all work towards the international net zero targets. I am delighted to be part of this journey with the Recycl8 team and I look forward to working closely with our partners in the waste-to-energy and construction industries to build a more sustainable future.”
Founder and Managing Director of Recycl8, Ian Skene, added: “Our team comprises specialists from the waste management, academia and global business sectors. We are excited to strengthen this team even further with Doug and Mike’s appointments and substantial investment in the business.
“Their investment will help us to accelerate the development and commercialisation of our low carbon additive for concrete manufacture for the global construction industry. In working with us, waste-to-energy facilities can avoid sending their ash to landfill, and cement manufacturers can deliver a significantly reduced carbon footprint to our ever-growing sustainable built environment.”
For more information visit www.r8iba.com