PlasRecycle operates in the recycling industry, specializing in the conversion of post-consumer shopping bags and films into reusable plastic granulate. The company serves municipalities and waste management firms by processing materials collected from households at the kerbside. PlasRecycle's market is primarily focused on the United Kingdom, with its first plant located in South East London. The business model revolves around a proprietary recycling process that uses state-of-the-art technologies to transform waste into valuable raw materials for manufacturing new products, such as bags and other plastic items. Revenue is generated through tipping fees from waste management companies and the sale of the recycled plastic granulate to manufacturers. The company has the capacity to process around 20,000 tonnes of plastic per annum, significantly contributing to carbon emission reduction by saving 1.5 tonnes of carbon dioxide for every tonne of plastic recycled. PlasRecycle was founded in 2010 and has received funding from private investments and public sector loans. The company went into administration in July 2016, with its affairs currently managed by Joint Administrators Robert Hunter Kelly and Charles Graham John King.

Keywords: recycling, plastic granulate, post-consumer waste, proprietary process, carbon reduction, waste management, UK market, municipal clients, private investment, public sector loans.