What is Itero?
Itero Technologies, headquartered in London, is pioneering a patented chemical recycling technology designed to transform plastic waste into valuable feedstock for new plastic production. This approach diverts materials from landfills and incineration, directly contributing to higher recycling rates and reducing the industry's dependence on virgin crude oil. The company is currently optimizing its proprietary processes at its West London Pilot Plant and is strategically planning an industrial-scale demonstration facility at the Brightlands Chemelot campus, signaling a commitment to scaling its impactful solutions.
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 UK-based entity operating within the electricity and oil & gas sectors, suggesting a potential interest in advanced material processing and recycling technologies that align with Itero's circular economy model.
What's next for Itero?
The recent major strategic investment positions Itero for significant expansion and technological advancement. This capital infusion is expected to accelerate the development and deployment of its industrial-scale demonstration facility, a critical step towards commercial viability. Itero's focus on a circular economy for plastics aligns with growing global demand for sustainable materials and regulatory pressures to improve waste management, suggesting a strong trajectory for growth and market penetration in the clean tech sector.
See full Itero company page
