Plaswire
Plaswire is a Northern Ireland-based industrial polymer recycler that converts PVC and composite waste, including wind turbine blades, aircraft materials, and industrial polymers, into its proprietary RX Polymer for B2B customers in wind energy, aviation, and industrial sectors.
- Company typePrivate
- Founded2004
- HeadquartersLurgan, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Plaswire does
Plaswire is a privately held industrial polymer recycling company headquartered in Lurgan, Northern Ireland, founded in 2004 and operating with approximately 14 employees from a new secure facility opened in March 2024. The company specialises in processing waste PVC and composite polymers, including end-of-life wind turbine blades, aircraft materials, and industrial polymer waste, into a proprietary output branded RX Polymer, a smart polymer described as a sustainable substitute for virgin plastics, wood, and precast concrete. Plaswire also manufactures 25 extruded PVC profiles, including XTCB and XTRS water stop product lines sold through a direct e-commerce shop with quote-based pricing.
The business operates a B2B enterprise sales motion targeting the wind energy, aviation, and industrial sectors, with a flagship partnership with Ørsted to recycle onshore wind turbine blades across the Republic of Ireland and Northern Ireland following a successful pilot at Owenreagh Wind Farm. Other revenue streams include offshore oil and gas polymer handling services across three continents (one client accounting for 3,000 MT of material previously destined for landfill) and local-authority wheelie bin processing with 100% material recovery. The company has stated processing capacity of 35,000 tonnes of waste per year and claims to prevent 200,000 tonnes of CO2 emissions, positioning its value proposition around circular economy outcomes for enterprise customers facing tightening sustainability mandates.
The technology stack combines proprietary RX Polymer formulation with a recently announced partnership with ubloquity integrating blockchain, IoT, and AI for lifecycle traceability of recycled materials. Plaswire has participated in three accelerator or growth programs between 2023 and 2025 (The Offshore Wind Growth Partnership, Crown Estate's Supply Chain Accelerator, and Accelerate Green), and its new facility was financially structured with HSBC support, indicating active capital formation and operational scaling. No institutional investors, parent company, or revenue figures are disclosed in the available source material.
Plaswire firmographics
Firmographics- Name
- Plaswire
- Legal name
- Plaswire Ltd
- Website
- https://plaswire.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Plaswire is a Northern Ireland-based industrial polymer recycler that converts PVC and composite waste, including wind turbine blades, aircraft materials, and industrial polymers, into its proprietary RX Polymer for B2B customers in wind energy, aviation, and industrial sectors.
- Ownership category
- akta.pro rank
Plaswire industry classification
Industry- Product category
- Industrial Polymer Recycling & Manufacturing
- NAICS
- Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252), Plastics Product Manufacturing (3261)
- SIC
- Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Miscellaneous Plastics Products (3080)
- akta.pro primary industry
- Chemical/Advanced Plastics Recycling (Depolymerization, Pyrolysis, Solvolysis) (IMANAMAD)
- akta.pro secondary industries
- Engineering Plastics Recycling (ABS, PC, PA, POM, PMMA) (EUAIAKAI), Compounding & Additives for Recycled Plastics (Compatibilizers, Stabilizers, Color) (EUAIAKAJ)
Keywords
Where Plaswire is headquartered
LocationHeadquarters
- HQ city
- Lurgan
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Plaswire business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- Wind Turbine Blade Recycling Services: Provides cost-efficient recycling services for wind turbine blades, processing 100% of blade materials into reusable RX Polymer for construction industry applications.
- RX Polymer Products: Sells RX Polymer - a specialized smart polymer product made from diverted waste plastics, used as sustainable alternative to virgin plastics, wood, and concrete.
- PVC Profile Products: Manufactures and sells 25 different extruded PVC profiles including water stop products (XTCB 150, 200, 250 and XTRS 150, 200, 250 series) for construction applications.
- Offshore Oil and Gas Waste Management: Handles waste polymers from offshore oil and gas operations across three continents, achieving zero to landfill with polymer recovery back into supply chain.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | PVC Water Stop Products (XTCB/XTRS Series) |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels4 records
Plaswire product offering
Product offeringCore offering
Plaswire fundamentally recycles industrial polymer waste — including wind turbine blades, aircraft composites, offshore oil and gas polymers, manufacturing scrap, and municipal bins — into its proprietary RX Polymer material, which is sold as a sustainable substitute for virgin plastics, wood, and precast concrete. The company also manufactures 25 extruded PVC profiles (including XTCB and XTRS water stop product lines for construction) and offers secure, zero-to-landfill polymer handling services to enterprise clients in the wind energy, aviation, industrial, and oil and gas sectors.
Product overview
Plaswire is a Northern Ireland-based recycling company offering a unified portfolio of circular economy solutions centred on the RX Polymer smart material. The core offering comprises wind turbine blade recycling (in partnership with Ørsted), aircraft material repurposing, and industrial material recycling—all transforming waste into the proprietary RX Polymer. Supporting operations include PVC extrusion manufacturing (producing 25 different profiles including XTCB and XTRS water stop product lines), offshore oil and gas polymer handling, and new secure facility operations. The company processes waste plastics, composites, and industrial materials into sustainable products that replace virgin plastics, wood, and concrete, currently handling 35K tonnes of waste materials and preventing 200K tonnes of CO2 emissions.
Differentiator
Problem solved
Functional benefit
Brands
- RX Polymer: The smart polymer made from 'Forever Plastic Waste' diverted from incineration and replacing virgin plastics, wood and precast concrete.
Products and services
- RX Polymer Smart polymer material made from 'Forever Plastic Waste' diverted from incineration, used to replace virgin plastics, wood, and precast concrete in industrial and construction applications.
- Wind Turbine Blade Recycling Recycling service that repurposes 100% of wind turbine blade materials into RX Polymer for use in construction and other industries, supporting circular economy principles for wind energy operators.
- Aircraft Material Repurposing
Quantifiable outcome
- 100% of wind turbine blades can be recycled through Plaswire's method
- +4 more outcomes
Companies that use Plaswire
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles5 records
Plaswire technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Plaswire partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and flagship.
- ubloquitycorePartnership with ubloquity for blockchain, IoT, and AI technology integration to improve wind turbine blade recycling. The system provides transparent traceability for recycled polymer, enabling real-time tracking throughout lifecycle and supporting sustainability goals across various industries.
- ØrstedflagshipPlaswire partners with Ørsted, a global renewable wind-energy giant, to recycle onshore wind turbine blades from wind farms in the Republic of Ireland and Northern Ireland. A pilot project successfully recycled three blades from Ørsted's Owenreagh Wind Farm in County Tyrone. The partnership developed a cost-efficient scalable method to recycle 100% of turbine blades, turning waste into RX Polymer for construction applications. Ørsted committed in 2021 to reuse, recycle, or recover all wind turbine blades in its global portfolio. Following successful trial, partnership will scale for larger decommissioning projects.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Plaswire competitors and assessment
Company assessmentBroad incumbents
- Veolia: Global environmental services and waste management giant with significant plastic and industrial polymer recycling operations across Europe. Comparable as a broad incumbent offering recycling services at scale, though Plaswire is a specialised niche player focused on advanced composite recycling.
- Eastman Chemical: US-listed specialty chemical company operating a carbon renewal technology advanced recycling process for mixed plastics. Comparable as a much larger incumbent offering chemical recycling of hard-to-recycle polymers, competing for the same enterprise ESG procurement budgets.
- Waste Management Inc: US-listed largest North American environmental services and waste management company with growing plastics recycling and circular-economy initiatives. Comparable as a large incumbent offering industrial and post-consumer polymer recycling services at scale.
Direct peers
- Plastic Energy: UK-headquartered advanced/chemical plastic recycling company using pyrolysis to convert end-of-life plastics into feedstock for new plastic production. Directly comparable as a private advanced-recycling operator producing recycled polymers for downstream manufacturing.
- Mura Technology: UK-based advanced plastic recycling company operating hydrothermal-plastic-to-feedstock technology for hard-to-recycle plastics. Comparable to Plaswire as a private UK-headquartered advanced recycler producing recycled feedstocks for downstream polymer production.
- Global Fiberglass Solutions: US-based composite recycling company focused on wind turbine blade and fibreglass recycling, producing pellets for downstream industrial use. Closely comparable as a specialist in wind-blade composite recycling, addressing the same decommissioning problem Plaswire solves for Ørsted.
- Agilyx: Norway/US-based advanced plastic recycling company developing pyrolysis and dissolution technologies for mixed and contaminated plastics. Directly comparable as a technology-led advanced recycler producing recycled feedstocks at commercial scale.
- Recycling Technologies: UK-based advanced plastic recycling company using thermal cracking (plasma technology) to convert mixed plastic waste into feedstock. Comparable as a UK-headquartered advanced recycler addressing hard-to-recycle plastics for circular-economy buyers.
Emerging players
- Renewlogy: US-based advanced plastic recycling company using pyrolysis to convert mixed waste plastics into fuels and feedstock. Comparable as a smaller-scale, technology-led advanced recycler operating commercial pyrolysis lines, though geographically focused in North America.
- Carbon Conversions: US-based carbon fibre and composite recycling company focused on end-of-life wind turbine blades and aerospace composite recovery. Comparable as a niche player addressing the same wind blade and aviation composite recycling problem Plaswire targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Plaswire social profiles
Digital presencePlaswire financial estimates
Financial estimateRevenue estimate
Valuation estimate
Plaswire leadership team
Management profileNumber of profiles
Profiles3 records
Plaswire funding detail
Funding detailFunding overview
Funding rounds3 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Plaswire M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Plaswire
What does Plaswire do?
Plaswire fundamentally recycles industrial polymer waste — including wind turbine blades, aircraft composites, offshore oil and gas polymers, manufacturing scrap, and municipal bins — into its proprietary RX Polymer material, which is sold as a sustainable substitute for virgin plastics, wood, and precast concrete. The company also manufactures 25 extruded PVC profiles (including XTCB and XTRS water stop product lines for construction) and offers secure, zero-to-landfill polymer handling services to enterprise clients in the wind energy, aviation, industrial, and oil and gas sectors.
Is Plaswire a public or private company?
Plaswire is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Plaswire founded?
Plaswire was founded in 2004. It employs 11 to 50 people.
Where is Plaswire based?
Plaswire is headquartered in Lurgan, United Kingdom, in the Europe region.
How does Plaswire make money?
Four revenue lines are on record. Wind Turbine Blade Recycling Services are the primary driver. The others are RX Polymer Products, PVC Profile Products and offshore Oil and Gas Waste Management.
Who are Plaswire's main competitors?
Broad incumbents on record are Veolia, Eastman Chemical and Waste Management Inc. Direct peers are Plastic Energy, Mura Technology, Global Fiberglass Solutions, Agilyx and Recycling Technologies. Emerging players are Renewlogy and Carbon Conversions.
Does Plaswire have an API?
No public API is recorded for Plaswire.
What industry is Plaswire in?
Plaswire's product category is Industrial Polymer Recycling & Manufacturing. Its primary akta.pro industry code is IMANAMAD, Chemical/Advanced Plastics Recycling (Depolymerization, Pyrolysis, Solvolysis), with a secondary code of EUAIAKAI, Engineering Plastics Recycling (ABS, PC, PA, POM, PMMA). Its NAICS code is 3252 and its SIC code is 2821.