Geleen, The Netherlands-based ReSolved Technologies announced that it has secured €1M in a Seed round of funding from Brightlands Venture Partners and the ifund Foundation.
The Dutch company says the funding will enable it to manufacture recyclates that can be applied in various applications, e.g., in electronic equipment, automotive applications, and the building and construction industry.
By transforming currently hard-to-recycle waste streams into near-virgin and circular materials, the Dutch company aims to make a positive environmental impact.
“The solvent-based technology offers a unique method for the efficient removal of difficult-to-remove contaminants from waste plastics. In addition, it is synergistic to the current recycling infrastructure based on mechanical recycling on several levels,” says Norbert Fraunholcz, CEO and founder of ReSolved Technologies.