Posted by Lisa McTigue Pierce -- Packaging Digest, 1/20/2012 8:21:16 AM
Enval, a leading provider of recycling and environmental technology solutions, has attracted further backing for the commercialization of its technology for the recycling of plastic and aluminium laminate packaging. The investment was secured from a syndicate of investors including Cambridge Enterprise and business angels from both Cambridge Capital Group and Cambridge Angels.
As a modern environmental services company, Enval focuses on providing specialist solutions across industrial, commercial and municipal sectors to deliver value from waste. Enval's patented technology offers a genuine recycling route for plastic/aluminium laminate packaging that has, to date, been unrecyclable. The award-winning technology separates the material into its constituent components, producing clean aluminium ready for introduction into the secondary aluminium supply chain and hydrocarbons that can be used as fuel or chemical feedstock. The process offers a much more beneficial outcome for waste that would otherwise be sent to landfill or incinerated.
"Enval is delighted to announce the completion of this funding round and we'd like to take this opportunity to thank all of our current investors for their support," says Dr. Carlos Ludlow-Palafox, co-founder and CTO of Enval. "With this investment and the backing from our industrial partners, Kraft Foods and Nestlé, Enval expects to bring its first commercial plant into service towards the middle of this year."
The new plant will be used to showcase Enval's technology to potential customers across the waste sector.
Enval, originally formed as a spin-out from the Department of Chemical Engineering at the University of Cambridge, is a privately funded company. In parallel to the technical development and commercialisation of its proprietary processes, Enval provides environmental life-cycle analysis and technology consultancy, with particular emphasis on the pyrolytic recycling of complex flexible packaging materials.
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Enval, a leading provider of recycling and environmental technology solutions, has attracted further backing for the commercialization of its technology for the recycling of plastic and aluminium laminate packaging. The investment was secured from a syndicate of investors including Cambridge Enterprise and business angels from both Cambridge Capital Group and Cambridge Angels.
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