A Scottish biotechnology company has sold out a franchise for recycling tyres to a Spanish firm, and wants to open its own facility in Grangemouth.
Chairman John Pool said the firm was near to raising the £1 million it required to build the plant to be based in Scotland, which would be capable of producing about 1,000 tonnes of recycled rubber a year.
Pool said Recyclatech would supply the bacteria used in the process.
He declined to supply a value , but said: “We will do very well out of it, and our shareholders will do very well out of it.”
