In a recently published profile Lux Research Inc. assessed Ioniqa Technologies at its highest score: ‘Strong Positive’. According to Charles Willard, Analyst at Lux Research, “Ioniqa's differentiated technology has made it a leading contender and any clients interested in licensing a PET depolymerization technology should engage."
Ioniqa is the first of numerous new chemical recyclers to reach an industrial scale. Their production at a new facility in The Netherlands is being optimized and ramped up to the full 10,000 tpa capacity over the next year, at which point the company will transition toward a licensing business strategy targeting Brands, Plastic producers and Waste collectors amongst others.
Large Brands, like Coca-Cola and Unilever, acknowledged previously that Ioniqa’s industrial plant is a step toward its longer-term sustainability goals. “Ioniqa's catalyst selectivity gives it an advantage in the race toward also valorizing polyester textile waste streams for foodsafe materials,” Charles Willard adds.
Ioniqa has developed a catalytically accelerated process to produce virgin quality raw materials for food-grade PET packaging. The key component of Ioniqa’s process is an in-house formulated catalyst which overcomes several common process issues. Ioniqa’s process allows for the upcycling of low-end feedstock currently not being recycled, like colored bottles, multi-layer food and non-food materials.
“Obviously, we are very proud with this outcome the of Lux Research’s assessment and their strong endorsement” says Tonnis Hooghoudt, CEO and Founder of Ioniqa. “Wouldn’t it be great to reduce plastic waste instead of growing it: with our groundbreaking technology in the near future we plan to tap into larger PET waste markets including textiles in the future. This breakthrough saves tremendous amounts of oil and reduces CO2 with up to 75%. At the request of large Brands we already created foodsafe mayonnaise bottles from a black sport-shirts, and have plans to demonstrate textile as feedstock for foodsafe packaging at large-scale, continuous operations in 1 to 2 years so watch this space.”
About Lux Research
Lux Research is a leading provider of tech-enabled research and advisory services, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux empowers clients to make more informed decisions today to ensure future success.
About Ioniqa Technologies
Ioniqa is a clean-tech spinoff from the Eindhoven University of Technology (The Netherlands), specialized in creating value out of waste by using its proprietary circular technology. With a cost-effective process, Ioniqa is able to close the loop for plastics, starting with PET plastics.
This award winning innovation transforms all types and colors of PET waste into valuable sources for ‘virgin-quality’ recycled PET. Up-cycling processes for other types of plastic are being researched and expected to be launched in the near future.