Greenback Recycling Technologies

📍 London, United Kingdom🗓 Founded 2019👥 39 employees💰 Last funded Sep 2023

Environmental Services 🌐 greenback.earth

Greenback is an advanced plastics recycling group with a mission to make products with a high content of recycled material from post-consumer waste. We want to help reduce pollution and prevent fossil resource depletion. Greenback produces uncorruptible certified feedstock for the production for plastic packaging with recycled content. Greenback is creating a solution for post-consumer waste plastic which supports the United Nations’ Sustainable Development Goals. We are implementing an efficient, scalable and distributed process that offers consumers a better product while providing full transparency and traceability. We support local economies to help them extract untapped value from waste. In developing countries, we create fairly-rewarded, safe jobs and new income streams for thousands of waste pickers. We are building a decentralised network of recycling plants near the sources of plastic waste, which we buy from local collectors. We use the infrastructure already in place and combine it with our advanced technologies to provide feedstock for the production of food-grade packaging at scale. To evidence the recycled content in the packaging, we use our eco2Veritas certification system, based on blockchain and AI technologies, giving brand owners and consumers confidence from shelf to shelf.

Total investors

Early stage

Mid stage

Late stage

2019

Founded