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l-r Energy industry veterans Mike Wilson and Doug Duguid, who have, together with other investors, acquired Oldmeldrum business Recycl8
Energy industry veterans Mike Wilson and Doug Duguid have led a £1 million buyout of a north-east firm created just two years ago through a business start-up scheme.
Mr Wilson, Mr Duguid and other investors have swooped to buy environmental technology company Recycl8, which is developing a “groundbreaking” low carbon process for the construction industry.
Oldmeldrum-based Recycl8 works with partners in the waste-to-energy and global construction industries to transform incinerator ash – often destined for landfill – into a low carbon additive for concrete manufacture.
Entrepreneurs back Aberdeenshire concrete from ash pioneer
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Europe | World Oil Online
worldoil.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldoil.com Daily Mail and Mail on Sunday newspapers.
Published: 15 Feb 2021, 13:35
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Image: Power Roll.
Flexible solar company Power Roll hailed the success of two funding rounds, with a total £5.8 million investment to enable the company to scale-up manufacturing.
It received equity investment from 7 Ventures (i7v), Kero Development Partners and RAB Capital of £3 million. Additionally, it converted £1,250,000 loans into equity as part of the government’s Future Fund scheme.
The Future Fund scheme was launched to support businesses affected by COVID-19, including those pre-profit that rely on equity investment. The scheme initially offered £250 million of government investment matched by private investment, but has since been expanded. It opened in May 2020, and closed in January 2021.
Cyberattack cost EnerMech hundreds of thousands of pounds
A cyberattack which hit the global business of Aberdeen-headquartered EnerMech cost the group hundreds of thousands of pounds. 15/12/2020, 12:01 am
A cyberattack hit EnerMech s revenue in the same year it reduced headcount for its UK and Europe business by 245.
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A cyberattack which hit the global business of Aberdeen-headquartered EnerMech cost the group hundreds of thousands of pounds.