Circularity Tech Startup Resynergi Raises $6.4 Million to Scale Plastic Recycling Solution

Circularity-focused startup Resynergi announced today it has raised $6.4 million (USD$7 million) in series B funding, with proceeds aimed at scaling its advanced plastic recycling technology to rapidly convert plastic waste into reusable and environmentally friendly material.

Founded in 2015, California-based Resynergi uses Continuous Microwave Assisted Pyrolysis (CMAP) technology to convert plastic its molecular building blocks to be used to create new materials. The company works with recycling organizations to secure used and hard-to-recycle plastics, including high-density polyethylene (HDPE), low-density PE (LDPE), polypropylene (PP), and polystyrene (PS) waste plastics, which represent approximately 60% of the plastic types produced.

According to Resynergi, its modular CMAP technology can convert plastic waste into reusable materials at a rate 20 times faster than traditional pyrolysis methods, and can generate products with a CO2 reduction of up to 68%.

Proceeds from the capital raise will be used to scale production of Resynergi’s CMAP technology, as well as to expand its executive team to drive growth.

Resynergi CEO Brian Bauer said:

“We’re accelerating plastic circularity with our technology. By diverting plastic from our landfills and oceans we’re on a mission to protect human health and our environment. This round of funding and the additions to our board of directors underscores our position as a trusted solution partner in the recycling ecosystem for those who view hard-to-recycle plastic as a resource to meet the outsized market demand for products that incorporate recycled plastic.”

The funding was co-led by international industrial deep tech seed-stage venture capital fund Transitions First and Lummus Technology, a global provider of process technologies and value-driven energy solutions. Leon de Bruyn, President and CEO of Lummus Technology, and Marianne Abib-Pech, Managing Partner, Transitions First and former Global CFO of Shell Aviation, are joining the company’s board of directors.

Abib-Pech said:

“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.”

de Bruyn added:

“Our investment in Resynergi expands our range of clean energy solutions and aligns with our commitment to support a more circular, low carbon future. Resynergi’s progress in advanced recycling technology allows us to meet the growing need for waste to clean energy conversion in the downstream energy industry.”