Resynergi Secures $18 Million to Accelerate Plastic Recycling Innovation

Resynergi Advanced Recycling For the Circular Economy

Resynergi, an innovator in modular advanced plastic recycling technology, announced it has raised $18 million in Series B extension funding led by Taranis, the investment and asset management company of Perenco Group. This milestone funding round will allow Resynergi to commission its first commercial scale site, equipping the company to address the outsized demand for sustainable, circular plastic resin and advance its mission to accelerate the transition to a circular economy.

Taranis Investment, known for backing cutting-edge technologies, is making a significant commitment to Resynergi's vision for a more circular and low-carbon future. Their investment will empower Resynergi to expand operations for its first commercial-scale site, positioning the company to play a key role in addressing the estimated 70% global growth in plastic waste by 2050.

"We are proud to be part of Resynergi's mission to lead in plastic waste transformation," said Emmanuel Colombel, CEO of Taranis Investment. "Their scalable solution not only reduces CO2 emissions but produces high-quality recyclable materials, making them a key player in the global effort toward a circular economy. This investment reflects our commitment to accelerating the transition to a circular economy."

Resynergi's proprietary Continuous Microwave Assisted Pyrolysis (CMAP) technology, branded Resynergi Modules supplied by partner Lummus Technology, offer a transformative approach to plastic recycling. The modular design allows for rapid scaling, enabling material recovery facilities and businesses to efficiently process up to 50 tons of plastic waste per day. With a smaller footprint and fast conversion times, Resynergi Modules offer a cost-effective and environmentally friendly alternative to traditional recycling methods.