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Entering a new era of sustainable plastics recycling: GC Ventures, a subsidiary of GC and the parent company of allnex, invests in Interface Polymers Limited

mai 8, 2023 Corporate
•    Interface Polymers is a developer of innovative chemical additives to improve the recyclability and       performance properties of key polymers
•    Potential to simplify the processing and reusability of widely-used mixed plastics 
•    This investment strengthens GC’s and allnex’s position in performance polymers and plastics circularity

Frankfurt, May 8, 2023 – GC Ventures, a subsidiary of PTT Global Chemical PLC  (GC) and the parent company of allnex is investing in the British company Interface Polymers Ltd. This investment opens new horizons for both companies, GC Group and allnex, enabling more efficient and sustainable plastic recycling.

Interface Polymer’s Polarfin® additives enable compatibilization between polyethylene (PE) or polypropylene (PP) with different kinds of plastics such as PET, PA, EVOH, and others. This makes it possible to recycle the mixed plastics widely used in food packaging chains across the world, solving one of the biggest problems in the recycling process today.

The unique Polarfin® additive technology developed by Interface Polymers, added to PP and PE at very low rates, makes them more recyclable, easier to work with and enables strong surface adhesion to plastics, paints, and general adhesives.

allnex has agreed to an extensive development partnership with Interface Polymers with the aim of using its technology to develop innovative resins to enable recyclable solutions for the packaging industry.

“IPL technology and vision are opening a new future for plastics and packaging in a world where circularity has become central to all innovation efforts”, says Benoit De Becker, Senior VP Strategic Innovation & Sustainability.

“Today, sustainability is key to business operations. We are committed to using innovative solutions to make our products environmentally friendly. Plastic is a crucial component in various daily life equipment. Applying the circular economy principle to the closed-loop plastic waste management, recycling, and upcycling is necessary. This includes studying new innovations and accessing up-to-date technologies to help improve the use of plastic to better meet people's needs”, says Kamel Ramdani, Senior Vice President, Product Innovation and Innovation Management of GC.

Ross Baglin, CEO of Interface Polymers, said: “We are delighted to have GCV/allnex as investors and development partners respectively, and we look forward to making polymers the best environmental solution for so many human needs.  We all know that we cannot go on consuming earth’s resources and consigning the results to history.   We need a materials revolution as well as an energy revolution: making things reparable, recyclable, perhaps even everlasting.  Polymers are a unique material made from the earth’s bounty and extraordinary human ingenuity.  They are too good to waste.  Polarfin® can help make polymers work for us, generation after generation”.

Daria Samonova 

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About allnex
allnex is the world's leading manufacturer of industrial coating resins and additives for architectural, industrial, protective, automotive and specialty coatings and inks. allnex is recognized as a pioneer in specialty chemistry, offering an extensive product range that includes innovative liquid resins and additives, radiation-curing and powder coating resins and additives, and crosslinkers for use on wood, metal, plastic and other surfaces. Today, allnex has a strong global presence with 4000 employees worldwide, 33 production sites and 23 research and technology centers. 

About GC Ventures
GC Ventures is a wholly owned subsidiary by PTT Global Chemical Public Company Limited (GC). We discover breakthrough innovations to solve global challenges and to meet the needs of businesses and lifestyles of today and tomorrow. We are focusing on strategic investments and collaborations with related startups and also investing in venture capital funds around the world to co-create solutions and enhance their readiness to scale in order to accelerate growth in innovations and businesses for GC's sustainable growth. GC Ventures has offices in Bangkok, Thailand and Massachusetts, USA.

About Interface Polymers
Interface Polymers was established in 2016 to commercialise inventions made in the Department of Chemistry at the University of Warwick in Coventry (UK).  A core competency of this company is the use of its Polarfin® di-block technology to make polyolefins structurally compatible with other materials.   The di-block copolymers combine polyethylene or polypropylene with dissimilar polymers to improve their compatibility with metals, ceramics, and other plastics.   This allows a step change in recycling of mixed plastics, the adhesion of paints, inks and adhesives to plastic surfaces, and the dispersion of materials within moulded plastics. IPL has now raised $8M in Series A funding as it looks forward to a commercial development plant start-up at year end.