50 jobs are to be created by waste management company Re3 in Limerick as a result of the development of new waste recycling technology described as a world first.

The company is investing €15m in sustainable waste technology known as autoclaving, which uses steam technology to recycle up to 85% of domestic waste which currently goes to landfill.

The technology has been pioneered by the Limerick company based at the Galvone Industrial Estate, where 20 jobs will be created initially, with a further 30 coming on stream in the next 12 months.