Date: 15th of Jan 2020
Mura Technology Limited (“Mura”) is pleased to announce it has received a investment from igus GmbH (“igus”), a leading manufacturer of plastic components. The investment will support the global deployment of Mura’s chemical recycling technology.
Mura have a vision for the future of plastic recycling across the globe: instead of sending material to landfill or polluting the environment through incineration, Mura have the technology to chemically recycle end-of-life plastics back into valuable chemical and oil products.
Dr Stephen Mahon, CEO of Mura Technology, said, “We are delighted to partner with igus. Their global network and investment will accelerate our ability to deploy Mura’s recycling capacity. Igus are our first strategic investor and we applaud the leadership they have shown to support Mura and in their own recycling initiatives.”
Frank Blase, CEO of igus GmbH, commented, “Chemical recycling offers new solutions to the problem of recycling mixed plastic. We are committed to the achievement of a state of balance in the world of plastics with technical solutions and, after 7 months of analysis, have backed Mura to accelerate the adoption of chemical recycling for mixed plastics.”
igus GmbH is a global leading manufacturer of energy chain systems and polymer plain bearings. The Cologne-based family business has offices in 35 countries and employs 4,150 people around the world. In 2018, igus generated a turnover of 748 million euros from ‘motion plastics’, plastic components for moving applications. igus operates the largest test laboratories and factories in its sector to offer customers quick turnaround times on innovative products and solutions tailored to their needs.
For more information, please visit: https://presse.igus.de/
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