Resynergi, a Rohnert Park, CA-based leader in plastic recycling technology, raised $6.4M in series B funding.
The round was co-led by Transitions First (T1ST), and Lummus Technology. Following the investment, Leon de Bruyn, President and CEO of Lummus Technology, and Marianne Abib-Pech, Managing Partner, T1ST and former Global CFO of Shell Aviation, are joining the company’s board of directors.
Led by CEO Brian Bauer, Resynergi is an advanced recycling technology company accelerating plastic circularity to protect human health and the environment. Its Continuous Microwave Assisted Pyrolysis (CMAP) technology reduces fossil-based resource dependency by converting plastic into its molecular building blocks to be used to create new materials. Resynergi works with recycling organizations to secure used and hard-to-recycle plastics, effectively diverting millions of pounds of plastic from landfills and oceans. Its proprietary process creates clean, liquid hydrocarbons serving as feedstock for the synthesis of new plastics.
The company intends to use the funds to scale production of its modular Continuous Microwave Assisted Pyrolysis (CMAP) technology, and to expand its executive team to drive growth.
FinSMEs
10/01/2024