Waste management innovator Impact Recycling has received further investment from IW Capital to complete a new site in Glasgow, and "accelerate growth".
The Wallsend-based business first gained IW's backing in 2019 when the private equity house injected £2m to support Impact's new methods of plastic recycling. The BOSS (baffled oscillation separation system) technology is a water-based, density separation process that can sort plastics, diverting significant quantities of polyethylene and polypropylene from landfill and incineration.
Instead, Impact can transform those plastics into a reusable form which is sold to manufacturers as a resin for reuse in goods and packaging. IW Capital’s initial 2019 investment into Impact Recycling was targeted at developing the BOSS technology and developing two sites in Newcastle, which are now operational.
