Alterra, an Akron, OH-based company which specializes in plastic circularity process technology, received an investment from Infinity Recycling, LyondellBasell and Chevron Phillips Chemical.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate the commercialization of its advanced recycling technology, designed to transform discarded plastic into valuable raw materials, creating a more sustainable and circular economy.
Led by CEO Fred Schmuck, Alterra is improving plastics recycling with its thermochemical liquefaction technology. The technology converts discarded plastic into valuable resources, reducing landfill dependence and supporting the transition to a circular economy.
This process renews discarded plastic back to its original building blocks, reducing reliance on fossil-based materials for new plastic production.
FinSMEs
23/10/2024