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Samsara Eco raises $54M AUD for its ‘infinite plastic recycling’ tech

Catherine Shu of TechCrunch reports on a new plastic recycling technology.

The C3 Take
  • Samsara Eco, an Australian-based startup, has raised $35 million to build a new plastic recycling facility.
  • The company has developed enzyme-based technology that breaks down plastics into their molecular building blocks which can be made into new products.
  • Samsara estimates that its new facility will be able to infinitely recycle 20,000 tons of plastic per year by 2024.

“Samsara’s tech is capable of breaking down plastic into its core molecules in minutes, regardless of color, type and state, said Riley. Its Melbourne facility will first recycle PET plastic and polyester, which Riley says accounts for about a fifth of plastic created annually. Its long-term mission is to recycle mixed bale plastics and advance its tech to the point where every kind of plastic can be infinitely recycled.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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