Recycling Technologies to participate in Unreasonable Impact

Unreasonable Impact, an international network of accelerators focused on scaling up entrepreneurial solutions to societal and environmental problems while tackling global unemployment, has selected Recycling Technologies as a U.K.-based participant.

Recycling Technologies, based in England, was selected among nine other enterprises from the U.K. and Ireland for its focus on converting residual plastic waste into low sulphur hydrocarbon called Plaxx to address the global problem of plastic waste. Additionally, Recycling Technologies has demonstrated the potential to create at least 500 new jobs over the next five years. Together, each selected venture aims to catalyse thousands of jobs by introducing new industries and technologies that solve global challenges.

Unreasonable Impact is a partnership initiative created by Barclays in collaboration with the Unreasonable Group, a platform for entrepreneurs solving global challenges with highly scalable models.

The first programme runs from 24 September to 8 October 2016 in Gloucester, England, with additional programmes launching in the U.S. later this autumn and in Asia in spring 2017.

In addition to Recycling Technologies, the other participating companies focus on a diverse range of global challenges, including food production, remote health care support, deforestation, water shortage, wastewater treatment and sustainable recycling.

During the two-week U.K. programme, the entrepreneurs will receive focused and bespoke support, advice and guidance from business experts, serial entrepreneurs and key funders to help them scale their ventures and create jobs.

Adrian Griffiths, CEO of Recycling Technologies, says, “It is a privilege for Recycling Technologies to be partnering in this great initiative alongside Unreasonable Impact. Both organisations truly believe in tackling global issues and the recycling of residual waste plastic is a major need. Success would not only have significant environmental impacts but create employment opportunities in industries around the world.”    

Daniel Epstein, founder and CEO of Unreasonable Group, says: “Within the next four years, it is estimated that we will need 212 million new jobs to accommodate current unemployment and projected job loss due to new industries. We are privileged to be partnering with because both our organisations believe the solution to alleviating global unemployment lies in supporting and scaling high-growth entrepreneurs like Recycling Technologies as job creators.”