What is Itero?
Itero Technologies operates at the intersection of environmental sustainability and industrial chemistry. By leveraging patented chemical recycling processes, the company effectively converts plastic waste streams—typically destined for landfills or incineration—into high-value feedstocks suitable for the production of virgin-quality plastics. This approach not only mitigates the environmental impact of plastic disposal but also significantly reduces industrial reliance on crude oil. Currently, the firm is refining its technological capabilities at its West London Pilot Plant, serving as a critical proof-of-concept for its broader commercialization strategy. The company's market position is defined by its commitment to closing the loop in the plastic supply chain, providing a scalable alternative to traditional waste disposal methods.
How much funding has Itero raised?
Itero has raised a total of $6.1M across 1 funding round:
Unspecified
$6.1M
Unspecified (2022): $6.1M with participation from Infinity Battery Recycling
Key Investors in Itero
Infinity Battery Recycling
Infinity Battery Recycling is a specialized firm operating within the electricity and energy sectors, focusing on sustainable resource recovery and circular economy infrastructure.
What's next for Itero?
The recent infusion of capital is earmarked for the development of an industrial-scale demonstration facility at the Brightlands Chemelot campus. This strategic expansion represents a pivotal milestone in Itero's growth trajectory, moving the company from experimental validation to full-scale industrial integration. By scaling its chemical recycling infrastructure, Itero aims to demonstrate the economic and environmental viability of its technology on a global stage. Future efforts will likely focus on optimizing throughput, enhancing feedstock flexibility, and securing long-term partnerships with major plastic manufacturers to integrate recycled outputs into mainstream supply chains. As the regulatory landscape shifts toward stricter plastic waste mandates, Itero's industrial-scale capabilities will be essential in meeting the rising demand for sustainable, circular material solutions.
See full Itero company page
