Itero is scaling their plastic-to-product recycling after raising €6M in investments, led by Infinity Reyccling’s Circular Plastic Fund.
Itero has successfully raised €6m in investments, with €5m from Infinity Recycling’s Circular Plastics Fund (CPF), to support the design and construction of the first at-scale demonstration plant located at the Brightlands Chemelot Campus, Geleen, NL.
The proprietary pyrolysis process developed by Itero converts plastic waste into chemical products. The chemical products are used as feedstock in the production of virgin-quality plastics.
The demonstration plant will be able to process 27,000 tonnes of residual plastic waste annually. The funding will also support further research and development at Itero’s UK pilot plant at Iver, near Heathrow.