CANADA – Polystyvert, a specialist in recycling styrenic plastics such as polystyrene and ABS, has closed the first tranche of its Series B funding, securing over US$16 million.

This investment, sourced from Europe and North America, will support the Canadian company’s first commercial plant in Québec, focused on recycling highly contaminated polystyrene waste.

Founded in 2011, Polystyvert aims to serve new markets for styrenic polymer wastes with its patented dissolution and purification technology.

The company targets the industrial-scale commercialization of this technology, which has already been proven at pilot and demonstration unit scales.

Additional investors are expected to participate in the second tranche, potentially raising the Series B round to US$30 million.

“This announcement, in the current economic context, reflects the unwavering support of our investors in our team and our proven technology, which is not only economically viable but also represents the shortest recycling loop for this type of waste, greatly reducing its environmental footprint,” says Nathalie Morin, president and CEO of Polystyvert.

“All the conditions for success are thus met to move forward with the next steps toward our first commercial plant in Montréal.”

Following the closing of the first tranche, the Series B round will remain open for a second tranche, expected to close within the next three months.

Polystyvert’s first commercial recycling plant, to be located in Montreal, Canada, is expected to be operational in 2026.

Polystyvert highlights an increasingly stringent environmental regulatory framework worldwide and a growing demand for sustainable solutions in plastic recycling.

Its technology offers the “shortest recycling loop for both polystyrene and ABS,” serving industries such as packaging, construction, electronics, automotive, and toys.

The company’s proprietary process of dissolution-based recycling and low-temperature, low-pressure purification allows it to recycle and purify plastic waste typically considered non-recyclable due to high contamination.

The result is a recycled raw material of unparalleled purity that can replace virgin plastics while economically reducing greenhouse gas emissions by up to 90%.

Part of the new funding will also be dedicated to further diversifying Polystyvert’s intellectual property portfolio, which includes over forty patents across 17 countries.

Infinity Recycling led the funding round, followed by SWEN Blue Ocean and Earth Foundry, an existing shareholder.

“Polystyvert’s game-changing recycling process upcycles contaminated plastic waste into premium materials. This commitment to scaling advanced recycling technologies is crucial in tackling the plastic waste crisis and fostering sustainable circular market growth,” says Jan-Willem Muller, managing partner at Infinity Recycling.

“Polystyvert has developed a unique technology to recycle styrenic polymers. It combines the best of mechanical and chemical recycling with low costs, small-scale units, ability to treat contaminated feedstock, and virgin-quality end products,” comments Olivier Raybaud, managing director at SWEN Blue Ocean.

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