Waste-to-energy technology secures manufacturing and investment deal

The Vantage Waste Processor (VWP) is a patented system that transforms household rubbish into biomass before converting it into a range of energy resources, including electricity and bio-ethanol.

Reclaim Resources Limited, the company behind the technology, has signed an investment and partnership deal with two cleantech private investors, James Buchan and Paul Barratt.

Under the agreement, the two parties will establish a new, as yet unnamed, company based in Latvia in Eastern Europe, where Buchan and Barratt already have investments in sustainable energy, and where raw materials and employment costs are expected to be more competitive. Reclaim will have a 25 per cent interest in the new company.
 
Barratt said the VWP system offered an exciting investment opportunity. “In Reclaim Resources, we believe we have found a system that will have a real impact on waste management; the company’s ground-breaking innovation that provides a pure household waste-to-energy solution will remove the need for landfill, while creating energy cleanly without negative side effects,” he said.
 
The VWP reduces raw, unsorted household rubbish by up to 60 per cent using thermal hydration; processing and sanitising waste material through an innovative ‘continuous feed’ rotating stainless steel chamber. Reclaim Resources, says that unlike many other waste-to-energy strategies, VWP is a clean, low energy method of waste recycling.

Both parties said the deal would enable the rapid global rollout of the VWP system. Last year, Reclaim Resources struck an important contract to supply its VWP technology to a local authority in the Philippines in a deal worth £12 million.

“I am delighted that Mr Buchan and Mr Barratt have invested in Reclaim Resources; the funds received will provide a major opportunity for our company to continue the development of the Vantage Waste Processor as well as to market the project on an international scale,” said Philip Hall, founder and managing director of Reclaim Resources. “In addition, the extensive experience and proven engineering capabilities that are possessed by Mr Buchan and Mr Barratt should prove invaluable as we rapidly grow the business.”