Read on
Ioniqa, a clean-tech spinoff from the Eindhoven University of Technology (the Netherlands), has completed a € 12 million funding round to build a 10kton commercial plant on the Chemelot Industry Park in Geleen. Ioniqa has developed an upcycling process for the infinite use of PET plastic materials.
Editorial office / Geleen

The funding is provided by the Ministry of Economic Affairs and Climate Policy, Nationaal Groenfonds, The Coca-Cola Company and Ioniqa’s shareholders.

Tonnis Hooghoudt, Ioniqa’s CEO and founder, said: ‘We have secured the funding to deliver high-grade raw materials for food grade packaging. This is yet another major milestone in bringing our technology to the market for making plastics a sustainable material.’

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 colors of PET waste into valuable resources for ‘virgin- quality’ new PET. Upcycling processes for other types of plastics are being researched and expected to be launched in the near future.