Earlier this summer it was announced that Skåne-based start Recoma has been granted € 3 million (33.5 million SEK) by the Swedish Environmental Protection Agency’s Climate Step program (Klimatklivet). This funding will enable the innovative company, known for transforming composite waste into construction materials, to scale up production and develop new products aimed at reducing the construction sector’s climate impact.
“We are extremely pleased and grateful for the support from Climate Step. This grant will allow us to scale our production capabilities and develop new products that further reduce the construction sector’s climate footprint. This funding is a testament to the confidence in our recycling technology and our commitment to sustainability.”
stated Max Rosenberg, CEO of Recoma earlier this summer.
The investment will be utilized to install an additional production line in the company’s Hässleholm facility. This new line will have a capacity 1.5 times greater than the existing setup, potentially enabling Recoma to process up to 15,000 tons of waste annually, equivalent to 1.5 million square meters of building boards. Designed for flexibility, the new line aims to minimize waste during the production of customized boards and is expected to be operational by the first quarter of 2026.
To date, Recoma has supplied over 50,000 boards to hundreds of customers across the EU and is a supplier in nearly all of Sweden’s building material retailers. Life Cycle Assessment (LCA) calculations indicate that Recoma’s operations have already saved more than 5,000 tons of CO2 equivalents. This figure is expected to increase significantly with the new investment in expanded capacity.
With the support from Climate Step, Recoma is planning a series of enhancements to solidify its commitment to sustainability. The company aims to expand its production capacity to meet the growing demand for sustainable building materials. Additionally, it will invest in research and development to enhance and diversify its product offerings. These developments are expected to improve the efficiency of Recoma’s production processes, further reducing its carbon footprint and bolstering its role in the sustainable building sector.
The Climate Step initiative by the Swedish Environmental Protection Agency is designed to support local investments that reduce greenhouse gas emissions. By funding projects with significant potential to contribute to Sweden’s climate goals, Climate Step aims to accelerate the transition to a sustainable society.
The funding decision is conditional upon matching financing of 35% of the investment cost. Consequently, Recoma is planning a capital round this fall, aiming to raise between 30 and 40 million SEK through a stock issuance involving current owners and external investors.
