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The scale-up Ioniqa has completed a funding round of € 10 million for its breakthrough upcycling process to make PET plastic a truly sustainable material.
Editorial office / Geleen

The funding comes from one new investor joined by several existing shareholders and will be used for scaling up the existing 10kton plant in Geleen (The Netherlands) and the rollout of licensing packs that will be brought to the market early 2022.

Ioniqa is a clean-tech spinoff from the Eindhoven University of Technology, specialized in creating value out of waste by using its proprietary circular technology. With a cost-effective process, Ioniqa is able to close the loop for plastics, starting with PET plastics. This award-winning innovation transforms all types and colours of PET plastic waste into valuable ‘virgin-quality’ materials for food-approved PET plastic.

Up-cycling processes by Ioniqa for other types of plastic are being researched and are expected to be launched in the near future. In 2019,Ioniqa was named ‘National icon’ by the Netherlands government.

Image: Ioniqa