Itero develops a proprietary pyrolysis process that converts end-of-life plastic waste into high-value chemical products used as feedstock for virgin-quality plastics. The company plans to design and construct its first at-scale demonstration plant at the Brightlands Chemelot Campus in Geleen. The planned plant will be able to process 27,000 tonnes of residual plastic waste annually, equivalent to the annual plastic packaging waste of Amsterdam municipality. Itero says its process diverts plastics from landfill and incineration and reduces crude oil consumption. The company was founded in 2010 and is London-based. The recent funding will support the demonstration-scale build and deployment of its technology.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2022