An innovation facility recycling waste into wood-polymer products has launched in the town of Divnogorsk outside Krasnoyarsk, in Siberia, Nanoprom.net reports.

The factory with a $1m price tag, Divnogorsk Polymer Products, currently processes plastic with a capacity of 25 tons a month and can produce 20 tons of wood and polymer products using a special casting technique. Plans are to double recycling capacity in a near future.

According to Anatoly Bekmurzaev, the CEO of Divnogorsk Polymer Products, their wood-polymer casting technology is “unique,” and they have to “rebuild to meet our requirements” even the imported equipment the factory purchases.

Wood-polymer cast products are used in the construction sector and also in furniture-making as a wrapping material. “Our technology enables manufacture of any products you need,” the CEO claimed.

Divnogorsk Polymer Products is a resident of KRITBI, a Krasnoyarsk tech incubator set up in May 2010 as part of the region’s start-up support system that backs biomed, biotech, energy-saving, IT, mechanical engineering, nanotech and other high technology projects at early stages.