CuRe Technology, a Netherlands-based startup that uses a low-energy polyester rejuvenation process to recycle used polyester and PET, has received investment from Coca-Cola Europacific Partners (CCEP). This investment follows the initial funding CuRe Technology received from CCEP in 2020 to support its R&D and pilot plant.

This investment is a part of CCEP's ongoing efforts to eliminate virgin oil-based plastic from its bottles and replace it with high-quality rPET suitable for use in food and drink packaging. As part of the investment, CCEP will now have access to CuRe Technology’s recycled PET (rPET) for use in its bottles in Europe, which will be supplied by a new plant scheduled to commence production in 2025.

Founded in 2018, CuRe Technology uses polyester rejuvenation to target hard-to-recycle plastics and create high-quality rPET with a carbon footprint that is ~65% lower than virgin PET, which can be used for food and drink packaging and re-processed as many times as necessary. The company currently operates a pilot plant in Emmen, which has a capacity of 20 kg/h in a continuous process. Once the technology is validated and tested, the company plans to construct a demonstration plant with a polymerization line in Emmen with a capacity of 25 kilotons per annum.