Impact Recycling Secures $3.8M Funding to Revolutionize Plastic Recycling with Breakthrough BOSS Technology

Impact Recycling is excited to announce a major milestone in our journey towards a more sustainable future—we have successfully raised 3,800,000 to further advance our breakthrough plastic recycling technology. Since our inception in 2014, we have remained committed to developing financially profitable and environmentally sound solutions for recycling post-consumer mixed rigid plastic waste. Our innovative BOSS technology, a scalable, automated, water-based system, efficiently separates hard-to-recycle plastics, including even black plastics, maintaining an impressive 98% purity for both polyethylene (PE) and polypropylene (PP) resin streams. This funding injection not only reaffirms investor confidence but also propels us into a new phase of growth and technological innovation. The fresh capital will be used to expand our operations beyond our flagship Newcastle plant, which has been successfully processing up to 6,000 tons annually since opening in Q2 2018. We are poised to scale up our efforts to integrate next-generation separation solutions, particularly targeting the recycling of post-consumer mixed film plastic packaging and the challenging waste from fishing net fibres. By leveraging the principles of fluid dynamics with our patented oscillation process, we continue to push the boundaries of plastic recycling, ensuring economic viability while significantly reducing environmental impact. This funding milestone marks a pivotal moment for Impact Recycling, allowing us to further our commitment to creating cleaner communities and a healthier planet. As we embark on this exciting next chapter, we thank our investors, partners, and dedicated team for their unwavering support in driving forward innovation in the recycling industry. For more information about our technology and future plans, please visit our website.