German recycling company is working on technology to separate hard-to-recycle composites.
A consortium led by eCapital Entrepreneurial Partners, Münster, Germany; High-Tech Gründerfonds (HTGF), Bonn, Germany; Gründerfonds Bielefeld-Ostwestfalen, Bielefeld, Germany; NRW Bank, Düsseldorf, Germany; and an anonymous party have invested €3.3 million ($4.23 million) in the German recycling company Saperatec.
Saperatec says it will use the funds to build a modular demonstration plant at its Bielefeld site as it moves from a pilot operation to a larger scale in an effort to tap into international markets.
Saperatec says it has developed technology to separate various composite materials. The technology Saperatec has developed is designed to enable the recycling of plastic composites and “complex technical products such as photovoltaic modules.”
The company currently operates a pilot production plant in Bielefel that it is in the process of expanding.
The team working on the deal includes eCapital managing partner Michael Lübbehusen, HTGF investment manager Ron Winkler and Peter Güllmann, business unit manager for corporate financing at NRW Bank.