Enval announces crowdfunding opportunity
21st May 2015
Please note that this funding round has now closed.
With our commercial demonstration plant operational and our focus firmly on sales, Enval has partnered with equity crowdfunding platform SyndicateRoom to open our latest funding round to a wide range of investors.
A growing problem
The chances are that plastic aluminium laminates are probably not something that keep you up at night. But perhaps they should be. Every time we use a toothpaste tube, a pet food pouch or the incredibly popular baby-food variety, we are left with no choice but to throw it into landfill. Until now, no recycling solution has been available and collectively that means 160,000 tonnes of waste in the UK alone.
It might seem like a contradiction but more and more brands are using this material because it offers a number of environmental benefits. It is lightweight, which reduces transport emissions; it protects produce, which reduces waste and it uses considerably less raw material. The end-of-life solution is the missing piece of the jigsaw. Here at Enval, we have developed that solution.
The Enval process
Our world-first process is clean, efficient and economical for both household and industrial waste. Using patented technology we are able to recover the aluminium foil in solid form, clean and ready to go right back into the supply chain. A typical Enval plant produces 200-400 tonnes of aluminium a year with a purity exceeding 98%. We also achieve 75% energy savings compared to primary aluminium production. The plastic component can either be converted into gas, which generates the electricity required to power the process, or into condensed oils that can be sold as fuel or feedstock for speciality chemicals.
Following the construction of our first commercial scale plant, Enval has received considerable interest from stakeholders across the packaging and recycling supply chains. We already have backing from FMCG brands including Nestlé, Kraft Foods and Mondelēz International; we are working with the Department for Environment, Food and Rural Affairs and several local authorities to introduce plastic aluminium laminates into existing household recycling schemes; and to-date we have received £900K in revenue.
With our commercial plant now operational and ramping up to full capacity, we are looking to secure up to £1.1M investment to allow us to respond to the high level of interest we are experiencing. We are already supported by an impressive arrange of business angels including members of Cambridge Capital Group, Anglia Capital Group and Cambridge Angels but at this exciting stage in our growth, we wanted to do things a little differently and open our round to a broad range of investors.
To do this we have partnered with the investor-led equity crowdfunding platform SyndicateRoom. Unlike other platforms, SyndicateRoom only lists companies that are already backed by professional business angels who are investing their own money and have therefore taken an active role in evaluating the strength of the deal. They have helped UK businesses secure over £24 million in funding since launching in September 2013.
See for yourself
We want to offer you the experience of visiting our plant and meeting the Enval team for yourself so that you can make the right decision about this investment opportunity. We are offering two open days at our site in Alconbury as well as the opportunity to meet with Senior Management at informal events in London. Full details are below, please contact us to make a booking or for any further questions.
Open days in Alconbury:
- Thursday June 4, 11-2
- Tuesday June 9, 11-2
Places are limited, please email email@example.com as soon as possible to register your interest.
Join the team for drinks in London:
- Wednesday June 3, 6-8 pm at The Globe in Moorgate (83 Moorgate, London, EC2M 6SA)
- Thursday June 11, 6-8 pm at The Kings Head in Mayfair (10 Stafford Street, London, W1S 4RX)