Plastix gets DKK 25m capital injection boost / Ny grøn kapitalindsprøjtning til Plastix

21.03.2018   I   Press Release

Plastix A/S gets DKK 25m capital injection boost

Plastix A/S is receiving DKK 25m in new capital from the Danish Green Investment Fund and two experienced business angels. The company expects the extra capital to take it from 25 to 40 employees at Lemvig, where the company upcycles plastic waste.

Plastix, which produces plastic raw materials from, among other things, used fishing nets, plastic fibre and hard plastic waste, has announced it has received a capital injection of DKK 25 million comprising a loan from the Danish Green Investment Fund and investments from two former Axcel partners, Jacob Thygesen and Lars Thomassen.

Using the new capital, Plastix will expand its production capacity, simultaneously lifting its ability to recycle more process-intensive plastic waste and offering a wider range of plastic raw materials to meet the growing demand for recycled plastic raw materials.

Over the past five years, the company has designed and built a plastic recycling plant at Lemvig, Denmark, where plastic waste can be fractioned, shredded, washed, dried then extruded to make plastic raw materials that reduce the environmental burden of CO2 emissions by up to 95%. This enables Plastix to receive process-intensive plastic waste and convert it into high-quality plastic raw materials. Currently, the company’s factory at Lemvig has a production capacity of around 8,000 tons per annum, with room to expand to 25,000 tons.

Plastix is presently undergoing rapid conversion from a development to commercialisation phase and is increasingly supplying recycled plastics to companies pioneering the integration of recycled plastics in their products. For Lemvig and its surrounding area, the capital injection is expected to bring an increase in staff numbers from 25 to 40 in the years to come.

Plastic recycling is part of the global agenda like never before

With the arrival of the UN’s global goals (Sustainable Development Goals or SDGs), China’s import block on half of the world’s plastic waste from 1 January 2018 and the launch in mid-January 2018 of the EU’s Plastics Strategy, the need for solutions to plastic waste recycling has accelerated. So, too, has political focus on the area. Together with his EU colleagues, Danish environmental minister Esben Lunde Larsen is busy preparing national plastics management plans, and the plastics industry is preparing to meet the EU’s “Pledging Campaign”, which places demands on the industry to formulate binding promises around the use of recycled plastic raw materials in plastic products.

“As the new recycling strategy for plastic waste is phased in, demand for solutions and business models like that of Plastix will increase. We are convinced that plastics recycling can become a very good business. And if Danish companies can figure among the large players, we won’t just benefit the  environment but will make strong socio-economic gains, too,” says Line Lundbye from Denmark’s Green Investment Fund.

“The capital injection makes it possible for us to grow into one of the leading European providers of quality recycled plastics raw materials at a time when having a recycling solution in place and being able to increasingly document their carbon footprint will be our customers’ “license to operate”, states Plastix’s CEO, Hans Axel Kristensen.

 

DANISH VERSION: 

25 mio. kr. skal udvikle Plastix A/S.

Plastix A/S henter 25 mio. kr. i ny kapital fra Danmarks Grønne Investeringsfond og to erfarne business angels. Med kapitalen forventer Plastix at gå fra 25 til 40 ansatte i Lemvig, hvor virksomheden upcycler plastaffald

Se mere her:  https://via.ritzau.dk/pressemeddelelse/25-mio-kr-skal-udvikle-plastix-as?publisherId=9926259&releaseId=12506684