Itero goes Dutch on chemical recycling

Using Itero’s proprietary pyrolysis process, the new plant will be able to tackle 27,000 tonnes of waste plastic packaging each year, converting it into new feedstock for virgin-grade recycled plastics, as well as recycled waxes and pyrolysis gas. Itero’s 1.5 tonne pilot-scale R&D plant is located near London Heathrow and has been exploring various feedstock and offtake combinations, fine-tuning the pyrolysis process to optimise the quality of its recycled products.

The majority (€5m) of the €6m investment has come via Infinity Recycling, a Rotterdam-based investment fund focused on the upscaling and commercialisation of advanced recycling technologies and growing the market for recycled polymers. Infinity Recycling’s Circular Plastics Fund (CPF) is an Article 9 ‘dark green’ impact fund, which is the highest designation under the EU’s Sustainable Finance Disclosure Regulation (SFDR).

“We are delighted that the significant potential of the technology developed by Itero is acknowledged by Infinity Recycling and other investors,” said Simon Hansford, Itero CEO.