MURA receives investment from igus to support the deployment of its chemical recycling technology
Plastic Free World Conference & Expo 2020 exhibitor, Mura Technology, has received an investment boost from Germany?s igus, a leading manufacturer of plastic components, which will support the global deployment of Mura?s chemical recycling technology.
Mura has a vision for the future of plastic recycling across the globe: instead of sending material to landfill or polluting the environment through incineration, the company has the technology to chemically recycle end-of-life plastics back into valuable chemical and oil products.
?We are delighted to partner with igus,? commented Dr Stephen Mahon, CEO of Mura Technology. ?Their global network and investment will accelerate our ability to deploy Mura?s recycling capacity. Igus are our first strategic investor and we applaud the leadership they have shown to support Mura and in their own recycling initiatives.?
?Chemical recycling offers new solutions to the problem of recycling mixed plastic,? added Frank Blase, CEO of igus. ?We are committed to the achievement of a state of balance in the world of plastics with technical solutions and, after seven months of analysis, have backed Mura to accelerate the adoption of chemical recycling for mixed plastics.?
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