HVG Law has advised Ioniqa Technologies on entering into a strategic partnership with Koch Technology Solutions to further scale up Ioniqa’s PET upcycling technology. As part of this collaboration, KTS has committed to invest up to EUR 30M in Ioniqa.
Ioniqa has developed an innovative process to infinitely recycle low-grade PET waste, producing a very raw material that can replace oil-based raw materials for PET polyester production. Ioniqa has successfully demonstrated this technology on a 10KT/yr scale in the Netherlands.
Koch Technology Solutions (KTS) is the technology licensing arm of Koch Engineered Solutions (KES), one of the world’s largest private companies. KTS creates value for its customers across a broad portfolio of technologies, including the polyester value chain, the refining industry and 1,4-butanediol plus its derivatives.