Ioniqa announced it will start licencing its polyethylene terephthalate (PET) depolymerisation technology. The spinoff from the Eindhoven University of Technology has received a ‘significant growth investment’ by Infinity Recycling’s Circular Plastics Fund to help scale up and bring its technology to market.
The company developed a proprietary process that depolymerises all types and colours of PET waste into its original monomers. Its feedstock is mostly based on low-end PET, up to 90% of which currently ends up in incinerators, landfill, or the oceans, according to Ioniqa.
Ioniqa has been operating a demonstration facility at Brightlands Chemelot Campus in Geleen, the Netherlands, since summer 2019. The demo plant, with a capacity of 10,000 tonnes a year, produces recycled PET for food-contact applications. Infinity Recycling’s funding will also allow Ioniqa to broaden its feedstock to include polyester fibres.