Sulzer has signed an agreement with circular technology company Fuenix Ecogy to acquire a strategic stake in its plastic upcycling business. The partnership will drive the development, commercialization and adoption of advanced, fully integrated solutions for plastic waste processing. The move will allow Sulzer to offer complete recycling lines based on Fuenix’s Ecogy® technology and Sulzer’s own proven separation and purification solutions.
Sulzer Chemtech is an established licensor of reaction and separation technologies aimed at driving the chemical recycling of materials. Fuenix Ecogy® technology converts sorted end-of-life mixed plastic waste into high-value hydrocarbons with virgin-like properties. The solution offers high recovery and conversion rates, enabling a high degree of circularity in the plastic value chain.
With this strategic investment, Sulzer is sharing its leading technical expertise to support the scale up and commercialization of a cutting-edge pyrolysis technology. The agreement also expands Sulzer Chemtech’s technology licensing portfolio for polymer processing, in line with its overarching mission to help industry adopt more sustainable practices.
As the exclusive licensor of the technology, Sulzer Chemtech will be able to offer complete as well as partial recycling lines based on Fuenix’s Ecogy® pyrolysis technology and its own proven separation and purification solutions. At the same time, Sulzer Chemtech will continue to offer its separation and purification know-how and solutions to other plastic recycling technologies.
Sirt Mellema, CEO at Fuenix Ecogy Group, says: “We are extremely happy about this new partnership with Sulzer, as it will be key to help us scale our technology and promote its global adoption, so that we can help create a circular economy for plastic waste. Sulzer Chemtech’s expertise will allow us to grow our business together and enable a positive change in the industry.”
Suzanne Thoma, Executive Chair at Sulzer, adds: “I am proud of this latest investment to grow our already extensive range of sustainable technologies. With the acquisition of a stake in Fuenix Ecogy we are enhancing our scope and portfolio in creating fully circular, zero-waste plastic value chains.
Sulzer is a global leader in fluid engineering. We specialize in pumping, agitation, mixing, separation and application technologies for fluids of all types. Our customers benefit from our commitment to innovation, performance and quality and from our responsive network of 180 world-class manufacturing facilities and service centers across the globe. Sulzer has been headquartered in Winterthur, Switzerland, since 1834. In 2021, our 13’800 employees delivered revenues of CHF 3.2 billion. Our shares are traded on the SIX Swiss Exchange (SIX: SUN).
The Chemtech division is the global market leader in innovative mass transfer, static mixing and polymer solutions for chemicals, petrochemicals, refining and LNG. We are steering the way in ecological solutions such as bio-based chemicals, polymers and fuels, recycling technologies for textiles and plastic as well as carbon capture and utilization/storage, contributing to a circular and sustainable economy. Our product offering ranges from process components to complete process plants and technology licensing.
Visit our LinkedIn channel at www.linkedin.com/showcase/sulzer-chemtech for exciting updates and more!