Information on the target
EMV Capital plc, a London-based deep tech and life sciences venture capital investment group, has acquired an industrial-scale chemical recycling plant for plastic waste located in the Port of Rotterdam through its wholly owned subsidiary, Winalot BV. The Pryme One plant, which achieved mechanical completion in 2023, underwent development capital expenditure exceeding €50 million. Although it commenced operations in 2024 and generated revenues from the sale of pyrolysis oil, operations were halted in March 2026 due to complications with its existing reactor technology.
In collaboration with DeepTech Recycling Limited (DTR), an existing portfolio company specializing in the chemical recycling of plastic waste, EMV Capital identified an opportunity to retrofit DTR’s proprietary fluidised bed reactor into the existing facility. This initiative aims to restore the plant to commercial operation, with an estimated £6 million in additional capital expenditure required. The project is projected to resume operations within approximately 18 months, contingent upon securing necessary funding and finalizing commercial agreements with DTR.
Industry overview in the target’s specific country
The plastics industry in the Netherlands is a significant contributor to the national economy, characterized by a robust infrastructure and a strong emphasis on sustainability. The country is home to several leading chemical companies and has established itself as a key player in the European plastics market. The Port of Rotterdam serves as a vital hub for the import and export of plastic materials, facilitating trade and innovation within the sector.
In recent years, the Dutch government has implemented various policies aimed at promoting circular economy initiatives, particularly in the plastics sector. These initiatives focus on reducing plastic waste and enhancing recycling capabilities, aligning with the European Union's broader sustainability goals. The Netherlands has seen a growing demand for advanced recycling technologies, driven by both regulatory pressures and consumer preferences for sustainable products.
The chemical recycling segment, specifically, is gaining traction as a viable solution to address plastic waste challenges. Companies are increasingly investing in innovative technologies that can convert plastic waste back into valuable raw materials. The presence of major refineries and chemical producers in the Rotterdam area provides a conducive environment for such advancements, creating opportunities for collaboration and growth within the industry.
As the industry evolves, there is a clear shift towards integrating sustainability into business models. The focus on reducing carbon footprints and enhancing resource efficiency is prompting companies to explore n…