Date: 15th of Jan 2020

Mura Technology Limited (“Mura”) is pleased to announce it has partnered with and received investment from igus GmbH (“igus”), a leading manufacturer of plastic components. The investment will support the global deployment of Mura’s advanced recycling technology.

Mura have a global vision for the future of plastic recycling – instead of sending material to landfill or incineration, Mura’s HydroPRS™ chemically recycles end-of-life plastics back into valuable chemical and oil products.

Dr Steve 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, “Advanced 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.”

About igus

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.

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