Financial Support
De oplossing voor oplossen
Resolved Technologies has received a grant of 1.46 M€ from the Just Transition Fund (JTF) of the European Union. This grant is additional to the seed investment of €1M provided by Brightlands Venture Partners and the ifund Foundation last year.
The company will use these financial resources to develop and build a pilot plant based on its advanced dissolution technology in the South of the Netherlands (Zuid-Limburg). The goal of this project is to demonstrate the technical and commercial feasibility of this technology for the closed-loop recycling of engineering plastics and PVC in high-end products. The dissolution technology offers a unique way for the efficient removal of difficult-to-remove contaminants from waste plastics, such as legacy additives and colorants. In addition, the ReSolved technology is designed to be synergistic to the current recycling infrastructure based on mechanical recycling on several levels. This hybrid technology provides an optimum solution for producing recycled material of very high purity at competitive prices.
It offers therefore a significant contribution to increasing the circularity and lowering the carbon footprint of the plastic supply chain without disrupting current recycling activities. Once proven on a pilot plant, the technology will be further scaled up to a demonstration plant with a design capacity of 4 kt per annum.
Turning to advanced recycling methods is fostered by a global transition to a circular material supply, for which a significant increase in the purity of recycled materials is needed compared to the status quo. In addition, plastics from complex, difficult-to-recycle waste streams have to be addressed as well if circularity is to be increased and CO2 emissions are to be reduced to a maximum. ReSolved Technologies takes on this double challenge by focusing on the closed-loop recycling of plastic waste from durable consumer goods, such as electrical and electronic equipment as well as automobiles.
KIK Project – Quality in plastic recycling
Circularity is about using materials, after their initial use, again and again for the same or similar applications, also known as closed-loop recycling. For plastics, there is still much to be gained there! After all, only up to 3% of engineering plastic waste is reused for high-quality applications.
This is not only due to the complexity of these waste streams or the availability of recycling methods, but to a large extent also due to the lack of insight into the composition and quality of input and output streams.
Understanding the complexity in composition of plastic samples makes it possible to improve the recycling process and re-use recyclate in more high-quality and valuable end products. However, available methods fail to provide representative measurements for industrial-scale plastic recycling.
This leaves recyclers and customers in the dark and the majority of material ends in low-value applications.
ReSolved Technologies participates as contributing partner to the KIK project together with Veridis who lead the project execution and development of their solution. Through validation and development we contribute to the success of increasing the amount of high-value plastic waste going back into the supply chain leading to increased circularity of plastic, reducing the need for fossil-based virgin feedstock and a reduction of the total carbon footprint.
More information, click here: Why do we do the KiK project?
