Key Findings
IMG Group has announced the launch of the Everbio Innovation Hub in Portugal, backed by €15 million in financing from C2 Capital Partners, with the aim of driving circular polymer innovation. This hub is specifically focused on the development and commercialization of next-generation recycled and bio-based polymer materials and technologies, notably including the solvent-free perPETuity® delamination technology, which promises to produce virgin-quality PET from complex multilayer plastics.
Technical Details
The Everbio Innovation Hub integrates four key business entities under the IMG Group umbrella: Evertis, specializing in PET-based packaging films; Selenis, focusing on specialty copolyester resins; Renascis, dedicated to advanced multilayer recycling; and Renewis, providing renewable energy solutions. This integrated approach allows for comprehensive coverage of the polymer value chain, from material development to recycling and energy provision. The solvent-free perPETuity® delamination technology is a particular highlight. It enables the separation of PET layers from complex multilayer plastics without the use of solvents, allowing for the recovery of high-purity PET monomers. This breakthrough means that virgin-quality PET can be efficiently produced from previously difficult-to-recycle multilayer plastic waste, holding significant potential for achieving a circular economy in the packaging industry.
Background & Context
The issue of plastic waste remains a global challenge, with multilayer plastics posing a particular problem due to their complex composition of different plastic types, making them difficult to process with conventional recycling methods. Consequently, much of this waste has historically been incinerated or sent to landfills. In this context, the development of chemical recycling and advanced physical recycling technologies is a pressing necessity. IMG Group’s Everbio Innovation Hub offers a comprehensive solution to this challenge, contributing to the broader industry goals of reducing reliance on fossil fuels and mitigating environmental impact.
Strategic Significance & Outlook
The establishment of the Everbio Innovation Hub and its €15 million funding will significantly accelerate research and development in circular polymer technologies. The commercialization of the perPETuity® technology is expected to lead to a dramatic increase in the use of recycled PET in food packaging and other high-value applications. Furthermore, by combining this with the development of bio-based polymers, the plastics industry can transition towards a more sustainable and resource-efficient future, with IMG Group establishing itself as a key driver of the circular economy. This initiative is poised to set new benchmarks for innovation and sustainability within the global plastics industry, impacting how materials are designed, produced, and recycled worldwide.
Source: https://www.texdata.com/news/Man-MadeFibers/23001.html
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