Further to the transaction, New Way will dedicate its efforts to streamlining and expanding production of refuse trucks at its facilities in Scranton, IA and Booneville, MS.
Analysis by IDTechEx says technological refinement and commercial scaling are among the challenges still being confronted in the chemical recycling subsector.
Radium-226, discovered in 1898 by Marie Sklodowska-Curie and Pierre Curie, was formerly used in radiotherapy but has since been replaced by other sources.
The changes made last year by the Conservatives were aimed at boosting recycling rates but sparked complaints and an independent councillor claimed festering waste was putting public health at risk.