UK-based Itero Technologies has been awarded €5 million from the European Union’s Just Transition Fund (JTF) towards the funding of its demonstration plant at Brightlands Chemelot Campus in Sittard-Geleen, Limburg, the Netherlands. It will be the chemical recycler’s first demonstration plant for its patent pyrolysis technology.
The 27,000 tonnes/year demonstration facility will convert mixed, plastic waste into recycled naphtha, recycled waxes, pyrolysis oils, and gas. The plant will be located at the Brightlands Chemelot Campus, Europe’s first Circular Hub. The lease was signed at the end of 2020, allowing Itero to set up a base of operations at the campus.
The JTF is designed to support a fair and equitable transition to a climate-neutral economy. The primary goal of the JTF is to enable European regions that are dependent on fossil-based income and employment to transition to a low-carbon energy future, considering the social and economic impacts as well as environmental.
“Working at Brightlands allows us to move our technology to its next phase with incredible talent, support, and opportunity for sustainable innovation,” said Itero CEO, Simon Hansford. “It’s critical that sustainable technology has the right enabling conditions to flourish, this is what Brightlands and the JTF grant are creating for us.”
Itero has previously been awarded a grant from the Rijksdienst voor Ondernemend Nederland (RVO), the Netherlands Enterprise Agency, and a €6 million investment, led by Infinity Recycling’s Circular Plastics Fund, for its demonstration plant.