Cash injection for AMCS; Scottish circular economy consultation; H&M launches recycled clothes range; German recyclers buy British
Cash injection for AMCS
AMCS, the Irish company which specialises in integrated software solutions for the waste and recycling industry, has announced a €45m (£33m) investment in the business.
The injection comes from led by Insight Venture Partners, a New York-based private equity and venture capital firm, and the Ireland Strategic Investment Fund.
AMCS will use the new capital to fuel further global expansion, including strategic acquisitions, and will support AMCS’ product innovation.
Scottish circular economy consultation
Scotland’s environment secretary, Richard Lochhead has launched a new consultation on creating a more circular economy (CE).
The consultation open now will end on 30 October and is being seen as the first step towards creating a strategy to keep high value products in use for as long as possible.
Lochhead said that when it came to “making things last, whether that be designing complex products to enable remanufacture, or quite simply empowering people to repair household items instead of throwing them away, the CE concept makes sense for business, industry, the public sector and individuals.”
H&M launches recycled clothes range
H&M are to introduce a new range of denim clothes made using recycled cotton as part of their goal to create a closed loop for textiles and make fashion more sustainable.
The range will be made from textiles collected in their Garment Collecting initiative, which started in 2013 and has collected 18,000 tonnes of unwanted clothes globally.
German recyclers buy British
Plasma arc technology from Swindon-based Tetronics International has gone live at Duesmann & Hensel Recycling’s plant near Frankfurt.
The technology is being used to process and recover value from catalytic converters in vehicles.
Duesmann & Hensel Recycling is a global player in the precious metals recycling field and is currently responsible for circa 10% of the global recycled automotive catalytic converter market.