Ioniqa Technologies has secured a growth investment from Infinity Recycling's Circular Plastics Fund to scale its innovative PET recycling technology, advancing sustainability in the plastics industry.
Information on the Target
Ioniqa Technologies B.V. ("Ioniqa") is an innovative company based in Eindhoven, Netherlands, specializing in advanced PET polyester recycling technology. The company has developed a groundbreaking process that upcycles low-grade post-consumer plastic waste into a feedstock of near-virgin quality. This technology uniquely allows for the processing of colored plastic waste flakes, addressing the challenge of recycling PET waste that is currently deemed non-recyclable. Ioniqa's process creates recycled materials that meet high-quality food-grade application standards and has been successfully demonstrated in industrial production settings.
Ioniqa has entered into a strategic partnership with Koch Technology Solutions to expedite the commercialization of its enhanced recycling technology. The investment received will facilitate the expansion of their operational capabilities and broaden the range of feedstocks they can process, including additional polyester fibers.
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Industry Overview in the Target’s Specific Country
The Netherlands has established itself as a frontrunner in the pursuit of sustainable waste management solutions, supported by government initiatives and public awareness about environmental concerns. The country's commitment to achieving a circular economy is evident,
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Infinity Recycling
invested in
Ioniqa Technologies B.V.
in 2024
in a Growth Equity & Expansion Capital deal