The European Investment Fund (EIF) has signed a €50 million participation in Infinity Recycling's Circular Plastics Fund I SCSp, a European impact fund that invests in companies developing new processes for the advanced recycling of plastics.
The fund supports companies with scalable technologies that need financing for the industrial and commercial scale-up of their operations. As traditional (mechanical) recycling causes plastics to lose their initial properties (safety for food use, strength, or elasticity), the Circular Plastics Fund supports advanced recycling technologies. These include chemical processes that enable the full recycling of end-of-life plastic waste, producing new plastics with virgin-equivalent properties and reintroducing them into the existing value chain. The fund can thus play a role in enabling a fully circular plastics industry.