Ioniqa completes € 12M funding round

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Today Ioniqa announces it has completed a funding round of € 12M for the launch of its 10 kiloton upcycling process for the infinite use of PET plastic materials.

Together with the Ministry of Economic Affairs and Climate Policy, Nationaal Groenfonds and The Coca-Cola Company, Ioniqa’s shareholders provided the funding for the development and build of the first 10kt plant in the Netherlands.

Tonnis Hooghoudt, Ioniqa’s CEO and Founder, said: “This is yet another major milestone in bringing our technology to the market for making plastics a sustainable material. After the earlier announcements stating the strong interest of Unilever, The Coca-Cola Company and Indorama, we have secured the funding to deliver high-grade raw materials for food grade packaging. We are optimistic making this world a better place, by contributing to the cleaning up of the plastic waste on this planet.”

“Even with a compelling business case as Ioniqa’s, attracting financing for innovative technologies in this phase remains a challenge. With the vision and pragmatism of the funding parties involved we have been able to successfully close this round” says Jeroen Bulk, Ioniqa’s CFO.

State Secretary Mona Keijzer of The Netherlands (Economic Affairs and Climate Policy): “Ioniqa’s upcycling process promises to be a pioneering innovation to reduce plastic waste. I like to help these entrepreneurs making their Dutch solutions for global challenges successful. Our common goal for a more sustainable and circular economy leads to new opportunities for The Netherlands to be competitive globally. My Ministry will contribute to this purpose and give support by providing knowledge, financing and partnerships to improve innovative products or services.”

“Together with Netherlands Enterprise Agency RVO we arranged this bespoke loan for Ioniqa and it is a unique example of financing a sustainable project” says Jean-Paul Schaaij, Director of Nationaal Groenfonds “our funding is tailor-made and meeting the requirements of both Ioniqa and RVO. Overcoming the challenge for this innovative project contributes to an on-time start of the new plant and making a significant contribution to the circular economy. ”

About Ioniqa Technologies

Ioniqa is a clean-tech spinoff from the Eindhoven University of Technology (the Netherlands), specialized in creating value out of PET 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 resources for ‘virgin- quality’ new PET. Upcycling processes for other types of plastics are being researched and expected to be launched in the near future.

For more information: Ioniqa, Eindhoven (NL): Telephone +31 40 751 76 30, Email: info@ioniqa.com

About RVO.nl

Netherlands Enterprise Agency (RVO.nl) stimulates entrepreneurs in sustainable, agricultural, innovative and international business. It aims to improve opportunities for entrepreneurs, strengthen their position and help them realise their international ambitions with funding, networking, know-how and compliance with laws and regulations. Netherlands Enterprise Agency is a government agency which operates under the auspices of the Ministry of Economic Affairs and Climate Policy. Its activities are commissioned by the various ministries and the European Union.

The Innovation credit of RVO.nl focuses on the development of promising and challenging innovations with an excellent market perspective. This may involve the technical development of a new product or process or the clinical development of a drug or device. All companies, both starters and established companies (large or small), can benefit from the Innovation credit. See also: https://english.rvo.nl/subsidies-programmes/innovation-credit

For more information: RVO, The Hague (NL): Telephone +31 88 042 42 42, Email: info@rvo.nl

About Groenfonds

The Dutch National Fund for Green Investments is dedicated to making the Netherlands greener, providing services in the fields of financing, public support, advice and financial management. We are a socially engaged organisation and green investment institution aiming to contribute to improving the quantity and quality of our green living environment.

The Dutch National Fund for Green Investments develops financial instruments and bridges public and private means by breaking down (financial) barriers. In this way we enable the development and conservation of nature and landscape earlier and on a larger scale. Our unique combination of knowledge about green and about money fast-tracks projects, connects parties and provides insights that benefit the green living environment in its broadest sense: nature, landscape, air, water, biodiversity and experience.

For more information: Nationaal Groen Fonds, Amersfoort (NL), Telephone +31 88 253 9255, Email: info@nationaalgroenfonds.nl

About The Coca-Cola Company

The Coca-Cola Company (NYSE: KO) is a total beverage company, offering over 500 brands in more than 200 countries and territories. In addition to the company’s Coca-Cola brands, our portfolio includes some of the world’s most valuable beverage brands, such as AdeS soy-based beverages, Ayataka green tea, Costa coffee, Dasani waters, Del Valle juices and nectars, Fanta, Georgia coffee, Gold Peak teas and coffees, Honest Tea, innocent smoothies and juices, Minute Maid juices, Powerade sports drinks, Simply juices, smartwater, Sprite, vitaminwater and ZICO coconut water. We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We’re also working to reduce our environmental impact by replenishing water and promoting recycling. With our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at Coca-Cola Journey at www.coca-colacompany.com and follow us on Twitter, Instagram, Facebook and LinkedIn.

For more information: The Coca-Cola Company, Atlanta (USA), Amanda Rosseter, Joanna Richards, Telephone +1 404.676.2683, Email: press@coca-cola.com