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.