ReMLP: Recycling Multi-Layer Plastic

Introduction

There is an urgent need for solutions to tackle single-use plastic waste called multilayer plastic (MLP). While MLP are extremely valuable packaging materials, there is currently no mainstream technically and economically viable solution for recycling them.

Innovative Solution

Fych has developed a patent-protected, ground-breaking recycling process to recycle MLP (ReMLP) and recover the full value of their polymers by removing inks, adhesives, odours, and other contaminants.

Current Capabilities

To date, ReMLP can process 100 kg/day of the +10 most common post-consumer and industrial MLP waste. The success of our prototype plant has already brought in early adopters like FORMASPACK and attracted the interest of plastic recyclers who are struggling to process an overload of non-recyclable plastics and plastic converters who are demanding high-quality recycled plastic materials.

Commercialization Strategy

We plan to commercialize ReMLP through:

1. Direct turnkey plant sales (€1.5M/plant)
2. Generating revenue from royalties of recycled polymers
3. Supply of customized delaminating reagents
4. Technical assistance for plant operation

Funding Request

We are requesting €2.3M in grant from the EIC to optimize the industrial process over 12 months to ensure the consistent recycling of 500 kg/hour and obtaining food contact material approval of the recycled output. This milestone will pave the way to becoming an international reference in the plastic recycling industry.

Equity Investment

We are also requesting €4.5M in equity (50% co-investment between EIC and private investor) to bring ReMLP to a fully industrial scale of 1,000 kg/hour (TRL9) and leverage a future Series A from new shareholders for scale-up.

Environmental Impact

This project will make 19 industrial ReMLP plants operational by 2029, thus avoiding:

• 25,080 tonnes of plastics ending up in illegal dumping grounds
• 72,960 tonnes from leaking into the environment
• The emission of >11,000 tonnes of CO2 associated with the incineration of non-recyclable waste
• 80,927 tonnes associated with landfilling