UK businesses £4m innovative plastic recycling projects - Arhive

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UK businesses offered £4m for innovative plastic recycling projects…UK businesses £4m innovative plastic recycling projects 

UK businesses £4m innovative plastic recycling projects The UK government has announced £4m funding for businesses to support innovative ideas to reduce persistent plastic waste in the environment through new alternatives.

There is up to £4 million for innovative business projects that look at ways of reducing plastic waste through new polymers, processes, designs, recycling regimes and use of biodegradable alternatives.

The funding is provided by UK Research and Innovation and delivered by Innovate UK. This competition forms part of the £20 million package of the Plastics and Research Innovation Fund.

Tackling the plastic problem

There is growing concern about the amount of plastic waste in the environment and its impact on wildlife and the wider eco-system.

The amount of plastic waste produced is growing fast. It was reported that in 2016, 1.5 million tons of plastic was produced globally. This is set to double by 2034.

As recent as 2014, it was found that less than a third of Europe’s plastic waste was recycled, with another third ending up in landfill. The remaining third was sent to energy recovery facilities.

Projects should improve recycling

The competition is seeking ‘circular economy’ approaches to plastic use that could include:

developing new polymer materials

new product designs

new recycling processes

increasing the value of recycled polymer

innovations that encourage people to change behaviour and reduce plastic waste

Projects could also look at new business models or at approaches focused on compostable or biodegradable materials.

Source: Company Press Release

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