Page 61 - Plastics News Issue June 2025
P. 61
TECHNOLOGY NEWS
Livingston Company Secures International Investment to
Scale Up New Plastic Recycling Technology
he Series A round was backed by leading “Plastics are an essential part of our world, but
venture capitalists, Orlen VC, Beiersdorf so far, the industry has failed to provide work-
TVenture Capital and Scottish Enterprise, able solutions at-scale to deal with the impact
Scotland’s national economic development they have on our environment. ReVentas are
agency, all of which are committed to advancing providing a simple solution which can change
circular economy technologies. this, ensuring the waste we produce today, can
and will be directly used in the products we buy
Plastic remains an essential part of our daily lives, tomorrow.”
from the packaging we use, the products we in-
teract with and the cars we drive; as a result, Derek Shaw, Director of Entrepreneurship and
390 million tonnes is produced annually. Dealing Investment at Scottish Enterprise, said: “Our in-
with plastic at end-of-life remains a challenge for vestment support is focused on helping Scot-
society, with recycling rates around 9% globally. land’s most innovative and ambitious companies
This is due to the complex composition of mate- to grow and scale, creating impactful economic
rials, their colour and the contamination they’ve change. ReVentas is a shining example of this,
picked up, resulting in the majority being inciner- by working in an area where Scotland has glob-
ated. Any plastic that is recycled is often being al strengths to develop innovative solutions for
downcycled into low value applications. one of the biggest global environmental chal-
lenges we face right now.”
ReVentas’ recycling technology aims to solve
this problem, tackling two of the most com- Scotland and the UK are global leaders in sus-
mon plastics in use today, polyethylene (PE) and tainable technology development. This has been
polypropylene (PP), making up over 50% of the reinforced recently by the Scottish and UK Gov-
plastic produced. ReVentas’ unique technology ernment commitments to supporting the green
uses a chemical solvent to rapidly dissolve PE transition of the Grangemouth cluster.
and PP, filtering the plastic of all contaminants
including colour and odour, and producing a nat- Beiersdorf Venture Capital and Orlen VC will join
ural like-new plastic which can be sold directly LG Chem and others as strategic partners of Re-
to end customers, replacing virgin plastic. The Ventas to support the scale up of the technology.
technology operates at low temperatures and With the funding secured, accelerating the de-
pressures, reducing the cost of production mak- velopment of ReVentas’ first commercial 10,000
ing recycling more economically viable, whilst tonne per annum plant, planned for operation in
achieving an 80% reduction in carbon emissions 2027 and an additional 140,000 tonnes planned
over virgin plastic production. to be brought online by 2031.This investment
highlights both the need for circular solutions
“This investment marks a major milestone for in plastic recycling and the impact that can be
ReVentas and in moving the recycling of plas- made from partners along the whole value chain
tic forward,” said Tom Rose, CEO of ReVentas. coming together to help solve a global problem.
June 2025 PLASTICS NEWS 61
