Transactions
Proventis Partners advised Interface Polymers Ltd.
vonik has invested in Interface Polymers Ltd. through its Sustainability Tech Fund. invested. The company’s Polarfin® additives simplify the processing of plastics blended with polyethylene and polypropylene. The company’s technology makes it possible to recycle such plastics, thereby solving one of the biggest problems in the recycling process.
Ross Baglin, CEO of Interface Polymers, said: “We are delighted to have a world-class company like Evonik as an investor and development partner, and we look forward to making polymers the best environmental solution for so many human needs. Our Polarfin® additive technology modifies and improves the properties of the world’s most commonly used plastics. She can do several
solve important environmental problems associated with their use today”.
In addition to the investment from the Sustainability Tech Fund, Evonik’s Coating Additives Business Line has agreed to a comprehensive development partnership with Interface Polymers with the aim of using the technology in paints and coatings.