We commend Clean Energy Finance Corporation (CEFC) for investing $9.1 million in Samsara Eco to support technology that can overcome the constraints of existing recycling techniques and help lower Australia’s carbon footprint.
Australian enviro-tech startup, Samsara Eco has raised $54 million in a Series A funding round as it prepares to scale infinite recycling. Samsara Eco is creating infinite recycling to end plastic pollution with its plastic-eating enzymes that break down plastic to its core molecules regardless of colour and state. The new capital comes as Samsara Eco sets its sight on building its first plastic recycling facility later this year ahead of full-scale production in 2023.
“The ability to infinitely recycle plastic provides an important option to tackle the enormous challenge of plastic recycling that we face today” as said by Ian Learmonth CEO of CEFC.
Samsara’s ground-breaking technology uses enzymes to break plastic down to its core building blocks, which can then be used to recreate brand new, virgin-quality plastic, again and again (whether it’s for the bottles we drink from or the clothes we wear) for a cleaner and more sustainable future.
Clean Energy Finance Corp (CEFC) is a member of Circular Australia’s Precincts & Infrastructure Taskforce and Finance & Investment Taskforce.
