Infinity Recycling, a Dutch growth equity investor, has announced a partnership with BlueInvest and the European Investment Fund (EIF) to address the escalating plastic pollution issue.
With €50m ($54.61m) in financing from InvestEU via the EIF, Infinity is set to invest in advanced recycling technologies that aim to enhance the recycling of plastic waste and make it profitable.
Through its Circular Plastics Fund, Infinity Recycling will support European companies in developing and scaling up technologies that can fully recycle plastic waste.
These technologies will enable the production of new plastics with properties equivalent to virgin materials, a significant improvement over traditional recycling methods that often degrade the quality of plastics.
The fund has already begun to build its portfolio, with initial investments ranging from €5m to €15m per company. Investments have been made in companies such as Pryme, Itero, Clartier, Depoly, Ioniqa, Biobtx, and Polystyvert.
Furthermore, Infinity Recycling is collaborating with BlueInvest, the EU’s innovation and investment platform, to explore new investment opportunities within the BlueInvest project pipeline.
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By GlobalDataThis partnership is set to be bolstered by BlueInvest’s technical assistance, which will help selected projects improve their readiness for investment and facilitate deal closure.
Infinity Recycling founder Jeroen Kelder said: “Our success is not only making good investments but also connecting with the right opportunities and supporting them. BlueInvest brings different stakeholders together, providing a platform to share experiences and best practices with other investors.
“The fight against climate change has gained significant momentum which means that there is a lot of support available for the right ideas.”
In January this year, Infinity Recycling announced that its Circular Plastics Fund I SCSp reached the fifth close at €135m.