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Polystyvert secures $16M investment for styrenic plastics recycling plant

Polystyvert demo plant. (CNW Group/Polystyvert)

MONTRÉAL — Polystyvert, a company specializing in recycling technologies for styrenic plastics, closes the first part of its Series B funding with over $16 million. This investment will aid in constructing its first commercial plant in Québec, dedicated to recycling highly contaminated polystyrene waste. The funding is supported by European and North American investors. Other investors will participate in the second tranche of this financing to enable the Series B round to raise up to $30 million.

“This announcement (shows) support of our investors in our team and our proven technology, which is not only economically viable but also represents the shortest recycling loop for this type of waste, greatly reducing its environmental footprint,” said Nathalie Morin, president and CEO of Polystyvert.

The funding will also expand Polystyvert’s intellectual property portfolio, which includes over forty patents. Infinity Recycling led the funding round, joined by SWEN Blue Ocean and Earth Foundry.

“Polystyvert has developed a unique technology to recycle styrenic polymers. It combines the best of mechanical and chemical recycling with low costs, small-scale units, ability to treat contaminated feedstock and virgin-quality end products. This technology will create new markets for styrenic polymer wastes and help divert them from nature and landfill,” said Olivier Raybaud, managing director at SWEN Blue Ocean.

The first commercial plant in Montréal is expected to be operational in 2026, pending the completion of the Series B funding round totaling up to $30 million.