Alterra’s innovative technology converts discarded plastic into valuable resources, reducing landfill dependence and supporting the transition to a circular economy. With this new funding, the company aims to deploy its solutions globally, reinforcing its commitment to sustainable plastics management.
Fred Schmuck, chief executive officer of Alterra, stated, “This funding marks a pivotal moment in our journey. We are excited to collaborate with our strategic partners to scale our technology and bring effective recycling solutions to communities around the world. Together, we can make a meaningful impact on the environment and create a more sustainable future.”
Arie Hooimeijer, head of investments at Infinity Recycling, added, “Investing in Alterra aligns with our mission to support innovative solutions in the circular plastics economy. The advanced recycling technology developed by Alterra not only reduces plastic waste by re-using plastic materials but also unlocks new economic opportunities. We are thrilled to be part of this transformative effort.”
