The investment will support the company\u2019s plans to recycle an estimated 10,000 tonnes of low-quality plastic waste over the next two years.<\/p>\n
Circular11 said the investment will enable it to expand manufacturing capacity while continuing to develop the technology underpinning its waste-based materials.<\/p>\n
Benjamin Gibbons, Chief Executive of Circular11, commented: \u201cWe believe that every tonne of plastic that gets incinerated is a missed opportunity to deliver low-carbon materials to a construction sector that desperately needs affordable and long-lasting assets.<\/p>\n
\u201cThe backing of Vectr7, the South West Investment Fund, FSE and other investors is an important step; it gives us the resources to scale manufacturing, whilst continuing to develop the systems behind our materials and respond to growing pressure on industry to find better uses for plastic waste.\u201d<\/p>\n
\u00a0\u00a32.4m funding round<\/p>\n
The funding round was led by climate impact investor Vectr7 Investment Partners, with The FSE Group acting as co-lead investor through a \u00a3630,000 commitment from the British Business Bank\u2019s South West Investment Fund.<\/p>\n
Additional backing came from The FSE Investor Network, Oxford Innovation Network, private investors and an Innovate UK grant award.<\/p>\n
Dominic Wilson, founder and managing partner at Vectr7 Investment Partners, said: \u201cThe supply side constraints within the timber markets means the construction and manufacturing industries need sustainable alternatives.<\/p>\n
\u201cCircular11 is addressing that critical need head on and we are excited about the next stage of their growth.\u201d<\/p>\n
Matt Browning, investment manager at The FSE Group, added: \u201cCircular11 is addressing a clear challenge in the construction and materials market.<\/p>\n
\u201cThe team has developed a compelling approach to turning difficult-to-recycle plastic into useful, long-life products, and this investment will help the business scale its operations and build on early commercial traction.\u201d<\/p>\n
What does Circular11 do?<\/p>\n
Founded in 2021, Circular11 specialises in converting hard-to-recycle plastic waste into recycled plastic lumber and related construction products.<\/p>\n
The company has developed proprietary manufacturing technology designed to process mixed and low-quality plastic streams that are often unsuitable for conventional recycling systems.<\/p>\n
According to Circular11, traditional recyclers frequently struggle to separate plastics back to the levels of purity required for remanufacturing, limiting the range of end markets available.<\/p>\n
Circular11\u2019s technology is designed to accommodate variations in feedstock quality, enabling the production of composite lumber products for applications including fencing, outdoor furniture and infrastructure projects.<\/p>\n
The business believes demand for alternatives to timber will continue to grow as global timber demand increases and pressure mounts on the construction sector to adopt lower-carbon materials.<\/p>\n
Composite lumber products also offer longer service lives and lower maintenance requirements than treated timber, while creating an end market for plastic waste streams that are difficult to recycle.<\/p>\n","protected":false},"excerpt":{"rendered":"The investment will support the company\u2019s plans to recycle an estimated 10,000 tonnes of low-quality plastic waste over…\n","protected":false},"author":2,"featured_media":623766,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[1397,90,56,54,55],"class_list":["post-623765","post","type-post","status-publish","format-standard","has-post-thumbnail","category-environment","tag-environment","tag-science","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/623765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=623765"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/623765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/623766"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=623765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=623765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=623765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}