For plastic recycling, we have an injection moulding jig which can
generate printable filament. It requires a small granule size for the
source plastic.
We also have a mincer that can be used to chop larger pieces of
plastic into small pieces. It just needs some new bearings and a more
effective source of torque.
We've got three lathes at the hackspace already, but i'm going to make
a fourth, using one of the designs from thingiverse,
http://www.thingiverse.com/thing:9242
The one thing the reprap can't currently do, is print the major
structural components, the threaded rods. Either a screw-cutting
devices like one of Maudsley's, or a simple lathe would solve this
problem. Tweaking the design to be strong enough to work materials
that could be used for the structural supports will be fun.