Waste-to-energy company Reclaim Resources has signed an investment and partnership deal worth £5 million with two private investors.

Waste-to-energy company Reclaim Resources has signed an investment and partnership deal worth £5 million with two private investors.

Cleantech-focused investors James Buchan and Paul Barratt will establish a new company in Latvia to manufacture Reclaim’s patented Vantage Waste Processor (VWP), which transforms household waste to biomass ready for conversion into electricity or bio-ethanol.

Reclaim will have a 25 per cent interest in the new company, which is unnamed as yet.

Philip Hall, the founder and MD of Reclaim Resources, says Buchan and Barratt’s investment ‘will provide a major opportunity for the company to continue the development of the VWP as well as to market the project on an international scale’.

He adds that the duo’s ‘extensive experience and proven engineering capabilities’ will be ‘invaluable’.