Resynergi Secures $18 Million in Series B Extension Led by Taranis to Accelerate Plastic Recycling Innovation

 Investment to support Resynergi's growth as the first modular pyrolysis technology to turn plastic waste into a reusable resource, addressing significant demand as global CPG brands close the loop on plastic waste and transition to plastic circularity

ROHNERT PARK, Calif., Feb. 20, 2025 /PRNewswire/ -- Resynergi, a leading innovator in modular advanced plastic recycling technology, announced today it has raised $18 million in Series B extension funding led by Taranis, the investment and asset management company of Perenco Group. This milestone funding round will allow Resynergi to commission its first commercial scale site, equipping the company to address the outsized demand for sustainable, circular plastic resin and advance its mission to accelerate the transition to a circular economy.

"Sustainability goals and extended producer responsibility laws are fueling a surge in demand for efficient and reliable plastic recycling solutions," said Brian Bauer, CEO at Resynergi. "We're fortunate to have mission-aligned partners like Taranis, Lummus Technology, Transitions First (T1ST) and a committed bench of existing investors that recognize the market opportunity in front of us. We're committed to turn on the first of many commercial sites while enhancing the value chain we've created to divert plastic from our landfills and oceans and convert it back into its molecular building blocks for reuse. Together we're reducing the strain on our environment and helping to mitigate the global plastic crisis."

Taranis Investment, known for backing cutting-edge technologies, is making a significant commitment to Resynergi's vision for a more circular and low-carbon future. Their investment will empower Resynergi to expand operations for its first commercial-scale site, positioning the company to play a key role in addressing the estimated 70% global growth in plastic waste by 2050.

"We are proud to be part of Resynergi's mission to lead in plastic waste transformation," said Emmanuel Colombel, CEO of Taranis Investment. "Their scalable solution not only reduces CO2 emissions but produces high-quality recyclable materials, making them a key player in the global effort toward a circular economy. This investment reflects our commitment to accelerating the transition to a circular economy."

Following the successful investment, Katherine Corrigan, from Taranis Carbon Ventures, will join the Resynergi Board of Directors. Existing investors Lummus Technology and T1ST also participated in this Series B extension round, further reinforcing their commitment to plastic circularity and accelerating industrial transitions for a more sustainable future. Ilya Aranovich, VP of Corporate Strategy at Lummus Technology, and Marianne Abib-Pech, Managing Partner at T1ST and former Global CFO of Shell Aviation, remain on the company's board of directors.

Technological Innovation and Decentralized Recycling
Resynergi's proprietary Continuous Microwave Assisted Pyrolysis (CMAP) technology, branded Resynergi Modules supplied by partner Lummus Technology, offer a transformative approach to plastic recycling. The modular design allows for rapid scaling, enabling material recovery facilities and businesses to efficiently process up to 50 tons of plastic waste per day. With a smaller footprint and fast conversion times, Resynergi Modules offer a cost-effective and environmentally friendly alternative to traditional recycling methods.

About Resynergi
Resynergi, headquartered in Rohnert Park, CA, is an advanced recycling technology company accelerating plastic circularity to protect human health and the environment. Its innovative, modular and scalable Continuous Microwave Assisted Pyrolysis (CMAP) technology reduces fossil-based dependency by converting plastic waste into clean, reusable liquid hydrocarbons and creates a circular future for plastics. Resynergi works with recycling organizations to secure and transform hard-to-recycle plastics, effectively diverting millions of pounds of plastic from landfills and oceans. Resynergi is committed to a future where plastic never becomes waste and a circular economy is possible and profitable. For more information, visit www.resynergi.com.

About Taranis
Taranis is a leading investment and asset management company of the Perenco Group. The Resynergi investment was made through Taranis Carbon Ventures, its fund focused on investing in breakthrough technologies that accelerate the transition to a sustainable, low-carbon future. With a strong track record of backing innovative companies, Taranis seeks to partner with visionary entrepreneurs and support their efforts in scaling technologies to address the world's most pressing environmental challenges. For more information, visit www.taranis.eu.

Resynergi Media Contact:
Jessica Kilcullen
[email protected]

Taranis Media Contact:
Eleonore Gourdain
[email protected]

SOURCE Resynergi Inc.