Resynergi Raises $6.4M in Series B Funding Co-led By Transitions First and Lummus Technology To Scale Plastic Recycling Technology
Summary
Following the successful 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 companys board of directors. "As our natural resources are increasingly scarce, supporting Resynergi in scaling their recycling process technology is an example of our role in driving innovation and accelerating industrial transitions for a more sustainable future," said Marianne Abib-Pech, Managing Partner, T1ST. "Our investment in Resynergi expands our range of clean energy solutions and aligns with our commitment to support a more circular, low carbon future," said Leon de Bruyn, President and Chief Executive Officer, Lummus Technology. Its innovative, scalable and environmentally efficient 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. Created by experienced entrepreneurial executives and scientists, T1ST was spun-off from UC Berkeley and invests in mature enough technologies with the purpose to (re) build local, sustainable supply chains and change the way we produce.