Mobile recycling firm gets £7m funding; Biffa invests in glass cleaning tech; Coca-Cola’s PET bottle from plants; WRAP support for hospitality sector
Mobile recycling firm gets £7m funding
Scottish mobile recycling Redeem Holdings has secured a £7m funding package from the Bank of Scotland, refinancing a previous funding arrangement.
The cash will be utilised to grow the business in new international markets such as Germany, Dubai and Canada.
Established in 1999 and based in Bathgate, West Lothian, Redeem provides global mobile network operators with large scale recycling programmes for mobile devices and other electronic equipment.
The business currently has a turnover of approximately £54m generated across the UK and continental Europe and has also been featured as part of the latest Sunday Times list of the top 200 international fast track businesses.
Biffa investing in glass cleaning tech
Biffa is to invest £3.1m in two of its glass recycling plants.
The new equipment will allow Biffa to clean its glass in-house, improving the quality of its output and opening up new opportunities to the business.
Biffa chief executive Ian Wakelin said: “In order to meet the needs of today’s contaminated glass, while securing a profitable future for this area of the business, investment was a prerequisite.
“The new technology afforded by this major investment will enable our glass recycling plants to operate more efficiently and effectively, while ensuring we can create a sustainable pathway for business development.”
Coca-Cola produces PET bottle entirely from plants
The Coca-Cola Company has unveiled the world’s first PET plastic bottle (pictured), made entirely from plant materials, at the World Expo in Milan.
The packaging looks, functions and recycles like traditional PET using patented technology that converts natural sugars found in plants into the ingredients for making PET plastic bottles.
Nancy Quan, global research officer with Coca-Cola, said: “Today is a pioneering milestone within our company’s packaging portfolio.”
WRAP support for hospitality sector
WRAP has developed an interactive presentation to highlight the range of support available on all areas of waste within the hospitality and food service sector.
The presentation provides an overview of material, allowing users to highlight key issues to their staff and clients and identify relevant support and guidance available to help tackle their waste.
It uses interactive ‘Prezi’ software which can be run on an automated setting or users can take a step-by-step walk through the information.