Biobased & Circular economy
Funding for circular businesses starts with a different ecosystem
10 april 2025
May 9, 2023
2 minutes
Invest-NL to invest € 6 Million in Pryme
Invest-NL, through its portfolio investment fund Infinity Recycling, is set to invest in Pryme, an innovative clean tech company based in Rotterdam. Together with a group of other investors, a total of € 13 million is being invested in the commercialisation of Pryme's pyrolysis process. This process is capable of converting used plastics into valuable products on an industrial scale.
The new, cost-effective pyrolysis process that Pryme has developed allows used plastic to be recycled at a higher conversion rate, on an industrial scale and with lower CO2emissions. This new funding will allow Pryme to accelerate the rollout of its new technology so that less plastic is ultimately burned or disappears into nature.
Chris Herve, CEO of Pryme, said, "We are delighted to welcome this strong group of investors. Just as previous investments from Infinity Recycling and the Multistrat Foundation opened doors and enabled us to gain important market knowledge, we expect our new investors to each bring valuable experience and perspectives that will help advance our technology.”
Elisabeth Storm de Grave, principal at Invest-NL, added, "We are excited to invest in Pryme in close collaboration with our portfolio fund Infinity Recycling and LyondellBasell. This investment round is an important milestone in scaling up Pryme's advanced recycling capabilities. They are critical in addressing the very parts of plastic waste streams that cannot be recycled through mechanical technologies. With this investment, we are clearly highlighting the strong position of the Netherlands in tackling the plastic waste crisis.”
Go to website Pryme
