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Recycling Technologies, a Swindon-based manufacturer of recycling technology, is hoping to secure additional investment through crowdfunding to complete a demonstration machine.

Recycling _technologies

The company builds machines that convert waste plastic into a form of crude oil called ‘Plaxx’.

It is hoping to secure £500,000 of investment through the Syndicate Room platform, offering an 11.58 per cent stake in the business in return.

Recycling Technologies plans to use the funding to complete a reference machine at a site owned by Swindon Borough Council to use for commercial demonstrations. It will also add to its current 15-strong team and file further patents.

It has already secured £125,000 of investment from a group of angel investors led by Barry Lingard.

Read more here.