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Itero secures €6m in funding for chemical recycling plant

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Itero has raised funds to build its first demonstration-scale project.

The British company Itero has raised €6m in investments to build a chemical recycling plant for plastic waste in the Netherlands. Roughly €5m of this sum will come from Infinity Recycling’s Circular Plastics Fund (CPF). The new plant is slated for commissioning in 2024.

Itero is planning to build a demonstration facility with an annual capacity of 27,000 tonnes of plastic waste in the Brightlands-Chemelot chemical park near Sittard-Geleen. The company had previously put the investment in the project at around €25m. Down the road, Itero wants to build a larger chemical recycling plant in the same region....

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