Irish company Trifol has opened a €12 million plant in Co Laois that will use patented technology to convert plastic waste into wax.
The firm raised €300,000 on the Spark crowdfunding platform in just 24 hours.
The Portlaoise facility is the world’s first commercial plastic waste-to-wax plant and will employ 16 people initially.
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures