Revealed: Sept. 13, 2022 at 6:00 AM MDT
WICHITA, Kan., Sept. 13, 2022 /PRNewswire/ — Koch Expertise Options (KTS), a Koch Engineered Options firm, and Ioniqa Applied sciences BV (Ioniqa) at present introduced a partnership to scale up and commercialize Ioniqa’s superior Polyethylene Terephthalate (PET) recycle know-how within the plastics business. As a part of this collaboration, KTS has dedicated to take a position as much as €30M in Ioniqa.
Ioniqa has developed an progressive course of that makes use of low-grade post-consumer PET to infinitely produce a feedstock that displaces virgin uncooked supplies used within the manufacturing of polyester merchandise. Ioniqa has efficiently demonstrated this know-how in The Netherlands’ 10KTA manufacturing services.
“KTS has a protracted historical past within the polyester business, and we acknowledge the worth proposition of this disruptive know-how that can essentially change how recycling is finished,” mentioned Adam Sackett, President of KTS. “With an aligned imaginative and prescient on the way forward for PET recycling, we’re excited to launch this partnership with Ioniqa and leverage our complementary capabilities to advance options that are tailor-made to the wants of the market.”
KTS and Ioniqa’s partnership will work to handle the rising demand for recycled content material within the 30 million metric tonnes each year PET market. Ioniqa’s know-how presents an answer to PET waste that’s presently non-recyclable, turning the waste into supplies appropriate for top of the range meals grade purposes equivalent to beverage bottles. KTS and Ioniqa take into account the know-how as a disruptor within the PET business offering a sustainable financial recycle proposition to traditional manufacturing routes. The partnership will drive a round course of that addresses environmental impacts of the present PET business.
Tonnis HooghoudtCEO and Founding father of Ioniqa mentioned “After the scaling of our know-how to a 10KTA depolymerization plant in The Netherlands, this KTS partnership is a significant stepping stone for Ioniqa in commercializing its know-how on a world stage. Our experience in breaking down plastic waste into virgin-like monomers matches seamlessly with KTS’ monitor document in designing and licensing PET manufacturing processes worldwide. We consider that collectively we are able to meet the sturdy market demand for recycled PET supplies by collectively offering licenses and cleansing up the planet”.
Ioniqa is a clean-tech spinoff from the Eindhoven College of Expertise (The Netherlands), specialised in creating worth out of waste by utilizing its proprietary round know-how. With an economical course of, Ioniqa is ready to shut the loop for plastics, beginning with PET plastics. This award-winning innovation transforms every kind and colours of PET waste into beneficial sources for ‘virgin-quality’ recycled PET. Upcycling processes for different forms of plastic are being researched and anticipated to be launched within the close to future. Extra data Ioniqa.com
About Koch Expertise Options
Koch Expertise Options (KTS) is the know-how licensing arm of Koch Engineered Options (KES). KTS creates worth for our clients throughout a rising portfolio of applied sciences together with the polyester worth chain, the refining business and 1,4-Butanediol plus its derivatives. We are able to mix our unique applied sciences, experience, and capabilities with these of different KES firms to offer total options to optimize your capital investments and present manufacturing property. Extra data is out there at KochTechSolutions.com
About Koch Engineered Options
Koch Engineered Options (KES) delivers superior worth in growing, integrating, and making use of progressive technical and repair options for industrial worth chains. KES presents uniquely engineered options in development; mass and warmth switch; combustion and emissions controls; filtration; separation; supplies purposes; automation and actuation. KES is a subsidiary of Koch Industries, one of many largest non-public firms on the earth. Extra data is out there at KochEngineeredSolutions.com
View authentic content material to obtain multimedia:
SOURCE Koch Engineered Options
The above press launch was supplied courtesy of PRNewswire. The views, opinions and statements within the press launch should not endorsed by Grey Media Group nor do they inevitably state or mirror these of Grey Media Group, Inc.