ReNew ELP announces the award of £4.42 million as a grant from Innovate UK, the UK’s innovation agency, to build the world’s first commercial-scale plastic recycling plant using Cat-HTR™ technology.
Focussing on the UK Government’s priority to drive economic growth through new technology, the award comes through the Industrial Strategy Challenge Fund’s Smart Sustainable Plastic Packaging programme. It recognises the commercial-scale feasibility of the technology and potential of the advanced recycling sector to help meet ambitious plastic recycling targets. The grant will aid ReNew ELP in the construction of the initial plant, which commences build in Q1 2021 and will see c. 80,000 tonnes of waste plastic recycled annually upon completion.
Read more at https://renewelp.co.uk/news/renew-elp-receive-4-42million-grant-from-innovate-uk/