Plastic production increased exponentially, from 2.3 million tons in 1950 to 488 million tons today. Production is expected to more than triple by 2050.
The linear consumption of plastic and the lack of appropriate recycling infrastructure has led to plastic waste swamping rivers and oceans. This has now become one of the world's most pressing issues.
The rapidly increasing production of plastic products overwhelms the world's ability to deal with the waste. Advancement in technologies will enable us to increase the mechanical recycling percentages, but more than 50% of the waste streams can never be mechanically recycled due to the chemical nature of plastics and the way in which we use it.
Advanced recycling brings the solution for these,
non recyclable waste streams, enabling a transformation from a linear economy to a sustainable circular economy.
Plastic production increased exponentially, from 2.3 million tons in 1950 to 488 million tons today. Production is expected to more than triple by 2050.
The linear consumption of plastic and the lack of appropriate recycling infrastructure has led to plastic waste swamping rivers and oceans. This has now become one of the world's most pressing issues.
The rapidly increasing production of plastic products overwhelms the world's ability to deal with the waste. Advancement in technologies will enable us to increase the mechanical recycling percentages, but more than 50% of the waste streams can never be mechanically recycled due to the chemical nature of plastics and the way in which we use it.
Advanced recycling brings the solution for these,
non recyclable waste streams, enabling a transformation from a linear economy to a sustainable circular economy.
Infinity Recycling is supported by an independent Advisory Board consisting of executives from key segments in the plastics value chain. The board provides market intelligence and strategic advice, enabling Infinity Recycling and its portfolio companies to stay ahead of the curve.
VP Materials LEGO Group
Advisor WEF
Imperial College
Vice President Sustainability at Chevron Phillips Chemical Company
CEO at PreZero Nederland
CEO at eLeapPower
Lead Sustainability Advisor of Blue Sky Group
Rotterdam, the Netherlands — Infinity Recycling BV, a growth capital firm investing in advanced plastics recycling technologies, is pleased to announce the highly anticipated new closing of its Circular Plastics Fund I (CPF), achieving €105.3 million in committed capital. The backing from its new investors, which include the European Investment Fund (EIF) and GC Ventures (CVC of PTTGC), underscores the strong market confidence in Infinity Recycling's vision and growth prospects.
The CPF, with an initial target size of €150 million, is an Article 9 'dark green' impact fund under the EU's Sustainable Finance Disclosure Regulation. Its investments aim to accelerate the transition to a circular economy of plastics by scaling up advanced recycling technology companies with strong growth prospects that transform plastic waste streams into primary commodities used to produce new plastics. The contribution of the fund's investors will expedite the commercialisation of the advanced recycling market, playing a role in enabling a circular economy for plastics and contributing to decarbonisation across the industry.
"Sustainability is key to our business operations and our commitments", contributed Kamel Ramdani, Senior Vice President of PTTGC and MD of GC Ventures. "Applying the circular economy principle to closed-loop plastic waste management, recycling, and upcycling is mandatory. This includes developing new solutions through innovation and their market impact to better meet people's needs."
Since the fund's launch in February 2022, the team has gained momentum and made significant inroads by investing in four portfolio companies, with three follow-on investments, all well-positioned to deliver private equity market returns and lasting impact. Infinity Recycling, together with the management teams of the portfolio companies have embarked on a journey to achieve operational excellence for long-term value creation and sustainable development to attain these goals.
"We are pleased to have such well-regarded investors in the Circular Plastics Fund and are thankful for the support from new limited partners such as EIF and GC Ventures, who have recognised Infinity Recycling's differentiated investment focus", shared Jan-Willem Muller, Managing Partner at Infinity Recycling.
Infinity Recycling BV was established in 2019 to create markets for end-of-life waste streams by investing in advanced technologies that enable circularity in the plastics industry. Their first offering, the Circular Plastics Fund, contributes to solving the plastic waste problem and unlocking much-needed capacity in high- in-demand recycled commodities. The fund implements a return and impact-driven investment strategy that drives value creation in advanced recycling and accelerates the transition to a circular economy for plastics. Building on the momentum in investor interest and deployment, the fund is well on its way to final closing, projected for Q4 2023.
This is a marketing communication. Please refer to the private placement memorandum of the AIF before making any final investment decisions.
Read more on the press release:
For more information, please contact:enquiries@infinity-recycling.com
#marketingcommunication
Infinity Recycling creates markets for end of life waste streams by investing in advanced recycling technologies and connecting the value chain.
Follow us on linkedin