Ambiente
Itero to scale plastic-to-product recycling with €6m investment, led by Infinity Recycling's Circular Plastics Fund
Itero CEO, Mr Simon Hansford , said, " .
" ."
This investment is the continuation of a longstanding relationship between Itero and Infinity Recycling, a Rotterdam -based investment manager focused on helping promising advanced recycling companies with the upscaling and commercialisation of their technologies and growing the market for recycled polymers. The CPF, an Article 9 'dark green' impact fund which is the highest designation under the EU's Sustainable Finance Disclosure Regulation (SFDR), is committed to driving ESG impact.
" ." Jeroen Kelder – Managing Partner, Infinity Recycling B.V.
Since 2010, Itero has developed its expertise in thermal conversion (pyrolysis) technology and its application for turning waste into a resource. Complementing traditional recycling methods, Itero diverts plastics from landfill and incineration, while increasing recycling rates and reducing dependency on crude oil. The process effectively closes the loop in the virgin plastics supply chain. Itero's proprietary technology is a large-scale, modular, patented technology that converts hard-to-recycle waste plastic back into a chemical feedstock for brand new circular plastics products. While developing its first at-scale demonstration plant in Sittard-Geleen, Itero is carrying out feedstock and product testing at its R&D facility in the UK, located near
Heathrow .
https://www.itero-tech.com/
Infinity Recycling was established by Jan Willem Muller and Jeroen Kelder to bring a return-driven approach to sustainability. The team's experience in trading commodities and corporate finance provides considerable value to the technology companies, helping to convert valuable IP into profitable, scalable businesses. Infinity Recycling creates markets for end-of-life waste streams by investing in advanced recycling technologies. Securing suitable waste streams and managing marketing of output through pricing options and structuring steady and scaled offtake contracts puts a return-driven approach to sustainability into practice. Transforming waste into chemical feedstock enables a circular economy, and generates significant, measurable financial and environmental returns.
https://infinity-recycling.com/home
27,000 tonnes equals 99.2% of average plastic packaging waste produced by a Dutch national per year multiplied by population of municipality of
Amsterdam .
https://www.statista.com/statistics/972801/plastic-packaging-waste-per-capita-in-the-netherlands/https://opendata.cbs.nl/statline/#/CBS/nl/dataset/37230ned/table?ts=1578685738191
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