Infinity Recycling, LyondellBasell, and CPChem back Alterra’s advanced recycling push
Alterra, a leader in plastic circularity technology, has announced the first closing of its latest funding round, led by Infinity Recycling’s Circular Plastics Fund, with investments from LyondellBasell, Chevron Phillips Chemical, Neste, and Potenza Capital. This funding will accelerate the commercialisation of Alterra’s advanced recycling technology, which converts discarded plastic into reusable raw materials, fostering a circular economy and reducing landfill dependence.
Alterra CEO Fred Schmuck shared that this pivotal investment enables Alterra to expand its recycling solutions globally. Arie Hooimeijer, Head of Investments at Infinity Recycling, added expressed alignment with Alterra’s mission to innovate in the circular plastics economy, while Martino Gabellich, Vice President of Advanced Recycling and Low Carbon Solutions at LyondellBasell and Benny Mermans, Vice President of Sustainability at Chevron Phillips Chemical highlighted their companies’ commitment to sustainable plastic solutions and the circular economy.
(PRA)SUBSCRIBE to Get the Latest Updates from PRA Click Here»
