PE-backed recycling start-up seeks £100m to develop waste processing plant

A Leeds start-up which has developed an innovative way to convert non-recyclable plastic and bio waste into new plastics and low-carbon fuels is seeking to raise £100m to build its first plant at a site in Humber.

Terrae Novo has already raised £7m from Traditum Private Equity to demonstrate its process and has gained planning permission on the former BP site at Saltend, near Hull.

Ultimately it aims to establish a network of plants around ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...