Infinity Recycling | Home

Market

Addressing the end of life plastics waste crisis

Strategy

Invest in advanced recycling technologies; that create markets for waste streams

Execution

Leverage market experience to commercialise and scale technologies

Solving the
waste problem

Create a circular plastic economy

Infinity Recycling is established by Jan Willem Muller and Jeroen Kelder to bring a return-driven approach to sustainability. The team's experience in trading commodities and corporate finance provides considerable value to the technology companies, helping them to convert valuable IP into profitable, scalable businesses.

The team's philosophy is to look at the value of a commodity first, and then work backwards. By investing in advanced recycling technologies, the firm profitably converts non-recyclable waste into chemical feedstock or fuels, thereby giving waste a value. Whilst at the same time lowering the CO2 footprint of the plastics economy and creating a true circular economy.

Market

Addressing the end of life plastics waste crisis

Strategy

Invest in advanced recycling technologies; that create markets for waste streams

Execution

Leverage market experience to commercialise and scale technologies

Solving the
waste problem

Create a circular plastic economy

Infinity Recycling is established by Jan Willem Muller and Jeroen Kelder to bring a return-driven approach to sustainability. The team's experience in trading commodities and corporate finance provides considerable value to the technology companies, helping them to convert valuable IP into profitable, scalable businesses.

The team's philosophy is to look at the value of a commodity first, and then work backwards. By investing in advanced recycling technologies, the firm profitably converts non-recyclable waste into chemical feedstock or fuels, thereby giving waste a value. Whilst at the same time lowering the CO2 footprint of the plastics economy and creating a true circular economy.

We need to
act now

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.

We need to
act now

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.

Meet our team

  • Jan-Willem-Muller

    Jan-Willem Muller

    Managing Partner
  • Jeroen Kelder

    Jeroen Kelder

    Managing Partner
  • Bram Snijders

    Bram Snijders

    Head of Investments
  • Maria Norman Novaes

    Maria Norman Novaes

    Head of Legal, Investment Manager
  • MONICA-PUCCETTI

    Monica Puccetti

    Head of ESG , Investment Manager
  • Olav Aagaard

    Olav Aagaard

    Technical Partner
  • Sander Verhoeven

    Sander Verhoeven

    Analyst

Advisory Board

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.

Announcement

Investment in Pryme Cleantech NV

ROTTERDAM, May 4th, 2022

Infinity Recycling's Circular Plastics Fund, has invested in Europe's single largest advanced recycling project for plastic waste being developed in Rotterdam via….

a private share placement in Pryme N.V., the cleantech developer of the technology for the plant. Pryme is listed and publicly traded on the Euronext Growth Market in Oslo. The EUR 6.3 million investment represents 40% of the private placement and provides Infinity Recycling's Circular Plastic Fund with a 20% stake in the company.

This is the first investment by the Circular Plastics Fund, which backs companies scaling up proven advanced recycling technologies to break down surging plastic waste flows into primary commodities, which can then be reused in perpetuity by the industry as inputs for new products. The Fund completed a successful initial capital raise in February where it received strong backing from global plastic supply chain investors and Invest-NL, the Dutch investment agency.

The Pryme plant, which is under construction in Rotterdam, is due to start commissioning in the fourth quarter of 2022 and will process about 40,000 tonnes of waste plastic annually once fully operational. Over the next five years, the Pryme technology will be rolled out in plants in Rotterdam and other key petrochemical hubs in Northwestern Europe, adding a further 160,000 tonnes in production capacity.

Jan-Willem Muller, Managing Partner at Infinity Recycling, said: “We are immediately putting to work the capital we have raised for the Circular Plastics Fund in one of the most pioneering advanced recycling projects in Europe. While there are other sites with greater capacity, these are processing modules linked together, and Pryme's Rotterdam development is going to be the largest single reactor in Europe. We need to develop many more advanced recycling plants of this scale to tackle the 'end-of-life' waste crisis created by the ever-linear growth in the consumption of plastics.”

The Pryme facility uses 'pyrolysis' technology, an efficient advanced recycling process which converts about 70% of the mixed plastic waste into a secondary raw material, pyrolysis oil, which can be used by the chemicals industry within existing infrastructure as a substitute for naphtha, the key component in the production of new plastic products. The energy used in the pyrolysis process produces around 70% lower carbon emissions than incineration, together with landfill and environmental leakage the main end-destinations for 80% of plastic waste globally, and represents around a 40% to 60% cut in CO2 emissions compared with the production of virgin feedstock from fossil fuels.

Pryme estimates more than 10 million tonnes of European plastic waste annually is suitable as feedstock for recycling in its plants and the technology will in the future make a significant contribution to the EU's target of 50% of plastic packaging waste being recycled in Europe by 2025. Dutch independent research organisation TNO estimated in 2021 that 92,000 tonnes of CO2 emissions a year could be avoided by chemical recycling (pyrolysis) of plastic waste versus incineration (energy recovery) for each Pryme reactor line of 40,000 tonnes.

Approximately 400 million tonnes of plastic waste, equivalent to over 35 kgs for each person on the planet, are created annually. Less than 10% of this is recycled globally. Management consultancy McKinsey & Co. estimates that the global market for advanced plastic recycling will reach 500 million tonnes per year by 2050, generating more than USD 300 billion in revenues and could account for around 40% of total virgin feedstock supply for new products.

The advanced 'upcycling' of waste complements mechanical recycling as it allows the conversion of even the most difficult plastic waste streams into valuable primary commodities and overcomes quality restrictions in the use of recycled materials in the manufacturing of new food packaging, which accounts for around 40% of global plastic demand. When plastics are mechanically recycled around six times, they also become unusable for producing new products.

Johannes van der Endt, Founder and CEO of Pryme, said: “The investment by Infinity Recycling's Circular Plastics Fund will allow Pryme to complete its advanced recycling plant in Rotterdam and takes us a big step closer to a true low carbon circular market for plastics at the heart of Europe's petrochemical industry. It enables a validation of our low carbon technology on industrial scale by the end of this year, which will be followed by an ambitious rollout across Europe and around the world, in collaboration with our strategic partners. “

Infinity Recycling's Circular Plastics Fund is an Article 9 'dark green' impact fund, the highest designation under the EU's Sustainable Finance Disclosure Regulation (SFDR), delivering significant CO2 reductions, while targeting a net IRR of 18% to 22%. The Luxembourg-registered fund has an initial investment target of EUR 150 million.

Ends

Media contacts:

Bellier Communication

CIRCULAR, impactful AND PROFITABLE

Infinity Recycling creates markets for end of life waste streams by investing in advanced recycling technologies and connecting the value chain.

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