Partnership Aims To Advance PET Upcycling Technology
Sept. 20, 2022
Koch Technology Solutions and Ioniqa Technologies partner to “disrupt plastics industry.”
By Chemical Processing Staff
Koch Technology Solutions (KTS), a Koch Engineered Solutions company, and Ioniqa Technologies B.V. (Ioniqa) announce a partnership to scale up and commercialize Ioniqa’s advanced polyethylene terephthalate (PET) recycle technology in the plastics industry. As part of this collaboration, KTS reportedly commits to investing up to €30M in Ioniqa.
Ioniqa’s process utilizes low-grade post-consumer PET to produce a feedstock that displaces virgin raw materials used in the production of polyester products. Ioniqa reportedly has demonstrated this technology in The Netherlands’ 10KTA production facility.
KTS and Ioniqa’s partnership will work to address the growing demand for recycled content in the 30 million metric tons per annum PET market, according to the companies. Ioniqa’s technology offers a solution to PET waste that is currently non- recyclable, turning the waste into materials suitable for high quality food grade applications such as beverage bottles. KTS and Ioniqa say they consider the technology a disruptor in the PET industry, providing a sustainable economic alternative to conventional manufacturing routes.
Ioniqa is a clean-tech spinoff from the Eindhoven University of Technology (The Netherlands).
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