Fiberight is a United Kingdom-based material recovery operator, specializing in recycling and processing diverse waste from residential, commercial, and industrial sources. Fiberight’s circular solution allows it to recycle waste that would typically be destined for incineration or a landfill. The company transforms organic materials into recycled materials that can be used for new products.
Founded in 2009, a Fiberight plant can handle the waste of up to 200,000 households by accepting up to 250,000 tons of waste per year, delivered to a facility using existing local collection infrastructure. Fiberight can help the regions it serves achieve a 70% recycling rate. In the United States, the recycling and composting rate only stands at 32%.1
Patented process recycles single-use items as demand for waste recycling rises
Fiberight can help lessen waste with the use of the company’s patented, water-based process called Hydracycle™, which separates, sorts, and cleans many single-use items such as coffee cups, pizza boxes, wrappers, and many other common household goods. The Hydracycle process is currently used at Fiberight’s facility in Swansea, Wales, allowing it to accept many types of mixed waste, including municipal solid waste and many commercial and industrial wastes that are not commonly able to be recycled.
Fiberight operates in the global waste management market, which is valued at close to $1.3 trillion and expected to grow at a compound rate of 5.4% from 2023 to 2030.2 The reopening of production facilities at the beginning of 2021 after COVID-19 pandemic-related shutdowns has reignited demand for waste recycling industries. A majority of nations across the world fail to recycle even one quarter of recyclable materials.3
Fiberight to boost capacity in Wales and intends to build more recycling facilities
Proceeds from the offering will help Fiberight fund plant expansion by supporting the purchase and installation of hard assets and machinery to expand capacity at the Swansea plant, thus driving growth. Existing customer arrangements can be expanded once the capacity is increased. Revenue at the plant is generated by recycling waste and also selling end products including recycled plastics and pulp.
Over time, Fiberight intends to build more facilities in the United Kingdom, the European Union, the U.S., and in other markets globally. To differentiate itself from competitors, Fiberight’s U.S. affiliate holds two waste disposal patents.
Fiberight and Percent — new tech to lessen waste
With its offering on Percent underwritten by New Technology Ventures—a venture capital firm that invests in disruptive solutions—Fiberight will raise necessary capital to expand capacity at the company’s waste recycling facility in Wales.
Percent’s investors gain access to an emerging company that’s working to help address the growing global waste problem. Today, the world generates 2.01 billion tons of municipal solid waste with at least 33% of that not managed in an environmentally safe manner.4 Global waste is expected to grow to 3.4 billion tons by 2050, more than double the population growth over the same period.5