Revive Eco has secured a £375,000 investment led by Gabriel Investment Syndicate to commercialise a patent-pending process to recycle coffee grounds into a sustainable palm oil alternative.
The Glasgow-based green tech start-up was launched by co-founders Fergus Moore and Scott Kennedy in 2019, following a project the pair carried out during their undergraduate degree at the University of Strathclyde and when both worked in coffee shops in the city.
With over 500,000 tonnes of used coffee grounds produced in the UK every year, costing the coffee industry around £80m per annum in waste removal, Revive Eco extracts high-value, natural chemicals from coffee grounds to create a palm oil alternative that can be used across the cosmetics, home cleaning, pharmaceutical, and food and drink sectors.
