ICON has secured £2.5m of expansion capital for Inetec

ICON has secured £2.5m of expansion capital for Inetec that will allow it (in conjunction with its industrial partners) to deliver first industrial scale deployments of its end-to-end waste-to-renewable-energy technology solutions.

Inetec uses its proprietary technology to convert industrial food waste into a stable biofuel. This biofuel can then be converted into gas and combusted in a combined heat and power plant to produce heat for industry and renewable electricity for the grid.

Inetec patented technology is the only commercially available solution able to treat all types of food waste without the need for pre-treatment, packaging removal or adjustment of the machine and represents a cost effective and environmentally responsible solution to what is becoming an ever increasing problem.

Inetec has already made significant inroads into the £240m UK food manufacturing industry attracting a number of high profile food manufacturers as early customers.