What Ioniqa Technologies does

Ioniqa Technologies B.V. is a Dutch cleantech company founded in 2009 as a spin-off from the Eindhoven University of Technology, headquartered in Eindhoven with manufacturing operations in Geleen (10,000 tonnes/year demonstration plant at Brightlands Chemelot Campus, operational since July 2019) and a former demonstration site in Rotterdam. The company has developed a proprietary depolymerization platform — branded as the Magnetic Smart Process — that uses smart fluids and an in-house formulated catalyst to break down colored and previously non-recyclable PET plastic waste (including mixed-color bottles, multi-layer materials, and textiles) into virgin-quality, food-grade monomers chemically equivalent to those derived from virgin fossil feedstocks. Its product portfolio centers on the Denua™ technology brand (launched March 2024 in partnership with Koch Technology Solutions), the underlying PET upcycling technology platform, and the smart materials/separation process foundation.

Ioniqa commercializes its technology through two parallel go-to-market motions. The primary, scaling motion is technology licensing, channeled globally through the Koch Technology Solutions partnership (established September 2022 with up to €30M committed) to large PET resin producers and plastics recyclers operating at 50+ ktpa scale. The secondary motion is direct sale of virgin-quality PET raw materials produced at the Geleen facility under secured supply and off-take agreements with partners including Indorama Ventures. The company is privately held and venture-backed, with cumulative disclosed funding of approximately €52M+ across rounds led by the Dutch Ministry of Economic Affairs, Nationaal Groenfonds, The Coca-Cola Company (loan), Chemelot Ventures, Koch Technology Solutions, and Infinity Recycling's Circular Plastics Fund. Anchor commercial relationships are concentrated with three major brand/industry counterparts: The Coca-Cola Company, Unilever, and Indorama Ventures. In December 2024, Ioniqa announced a corporate 'restart' to preserve proprietary knowledge, secure new financing, and finalize the technology for implementation exclusively through licensing — signaling a strategic pivot away from direct production toward a pure licensing business model.

Name

Ioniqa Technologies

Legal name

Ioniqa Technologies B.V.

Website

https://ioniqa.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Ioniqa Technologies is a Dutch cleantech company that has developed proprietary depolymerization technology to convert colored and previously non-recyclable PET plastic waste into virgin-quality, food-grade monomers, commercialized via global technology licensing (through Koch Technology Solutions' Denua™ brand) and direct raw material sales to PET producers and consumer brands.

Ownership category

akta.pro rank

Product category

Chemical PET Recycling Technology

NAICS

Plastics Material and Resin Manufacturing (325211)

SIC

Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820)

akta.pro primary industry

Polyesters & PET Chain (PTA, MEG, PET) (IMAEADAG)

akta.pro secondary industry

Mono-Material & Recyclability-Designed Packaging (Design-for-Recycling, Barrier Alternatives) (IMALAMAD)

Keywords

• PET chemical recycling
• Plastic depolymerization technology
• Circular plastics solutions
• Food-grade recycled PET
• PET waste upcycling

Headquarters

HQ city

Eindhoven

HQ country

Netherlands

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Operations, Infrastructure, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Technology Licensing: Ioniqa licenses its Denua PET upcycling technology to industrial parties including large plastic producers and plastics recyclers worldwide. The licensing strategy involves selling comprehensive license packages including technology transfer, engineering documentation, and customer engagement support. The company operates a 10kt demo plant as proof-of-concept for the licensing model.
2. PET Raw Materials Sales: Direct sales of virgin-quality PET raw materials produced at the Geleen facility from upcycled PET waste. Supply and off-take agreements already secured for the 10,000 ton plant.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Ioniqa Technologies develops and licenses proprietary depolymerization technology that transforms all types and colors of PET plastic waste into virgin-quality, food-grade monomers suitable for new PET packaging. The company pairs this technology with direct sales of recycled PET raw materials produced at its 10,000 tonne-per-year demonstration plant in Geleen, Netherlands, and licenses the Denua™ technology package to industrial PET producers globally through Koch Technology Solutions.

Product overview

Ioniqa Technologies offers a suite of circular economy solutions for PET plastic waste, centered on its Denua™ branded upcycling technology developed in partnership with Koch Technology Solutions (KTS). The core offering consists of a depolymerization process that converts colored and previously non-recyclable PET waste into food-grade monomers. The company operates a 10,000 tonne/year demonstration facility in Geleen, Netherlands, and is transitioning to a licensing business model to deploy its technology globally to PET producers. The proprietary Smart Materials and Separation Process serves as the underlying platform technology, with future expansion planned for polyester fibers and other plastic types.

Differentiator

Problem solved

Functional benefit

Brands

• Denua™: A technology brand resulting from partnership with Koch Technology Solutions (KTS). Denua converts previously unrecyclable PET waste into monomers suitable for high-quality food-grade applications. The name derives from the Latin word for 'to renew'. The technology enables upcycling of colored PET with approximately 50% carbon emission reduction compared to virgin PET.

Products and services

• Denua™ PET Upcycling Technology Commercial PET upcycling technology brand, jointly offered with Koch Technology Solutions, that converts previously unrecyclable PET waste (including colored PET) into monomers suitable for high-quality food-grade applications, enabling approximately 50% carbon emission reduction compared to virgin PET. Licensed to industrial PET producers globally.
• PET Upcycling Technology (Magnetic Smart Process) Proprietary circular depolymerization technology that uses smart fluids, a unique separation process, and an in-house formulated catalyst to transform all types and colors of PET waste—including colored bottles, multi-layer materials, and polyester textiles—into virgin-quality, food-grade monomers for new PET.
• Smart Materials and Separation Process (Platform Technology) Platform technology underlying Ioniqa's PET upcycling, using smart fluids and a unique separation process to depolymerize PET polyester waste into virgin raw materials. Designed as an extensible platform applicable to other plastics and organic materials in the future.

Quantifiable outcome

• 75% CO2 footprint reduction compared to virgin PET production
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core, minor and supporting.

• Koch Technology Solutions (KTS)coreStrategic or Co-development Partner · 13 September 2022Strategic partnership to scale up and commercialize Ioniqa's advanced PET recycle technology globally. KTS committed to invest up to €30M in Ioniqa. Together they work to address the growing demand for recycled content in the 30 million metric tonnes per annum PET market. KTS serves as the technology licensing partner for global industrial deployment.
• Mares Circulares (Circular Seas)minorStrategic or Co-development Partner · 3 October 2019Collaboration with Mares Circulares (Circular Seas) project involving coastal cleanups in Spain and Portugal to collect marine plastic for recycling into food-grade packaging using Ioniqa's technology.
• UnilevercoreStrategic or Co-development Partner · 4 April 2018Partnership announced in April 2018 to convert PET waste back into virgin grade material for use in food packaging. Supports Unilever's commitment to make all plastic packaging reusable, recyclable or compostable by 2025. Unilever provides R&D collaboration and market validation for the technology.
• Indorama VenturescoreStrategic or Co-development Partner · 4 April 2018Indorama Ventures, the largest global producer of PET resin, joined the partnership with Unilever and Ioniqa in April 2018. Converts Ioniqa's recycled monomers into PET plastic for food-grade applications. Supplies feedstock to Ioniqa's plant and validates process integration.
• Eindhoven University of TechnologysupportingTechnology or IntegrationIoniqa is a clean-tech spinoff from Eindhoven University of Technology. Initial development of proprietary technology conducted in R&D labs at the university.
• Dutch Polymer InstitutesupportingTechnology or IntegrationResearch partner in the founding of Ioniqa, collaborating with PhD student from Technical University Eindhoven on the initial development of the technology.
• Brightlands Chemelot CampussupportingStrategic or Co-development PartnerHost location for Ioniqa's 10 kiloton demonstration plant in Geleen, Netherlands. Part of the recycling ecosystem at the campus supporting sustainability innovations.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Plastic Energy: UK-based chemical recycling company using pyrolysis to convert mixed plastic waste into feedstock for new plastics production. Adjacent PET/ plastics recycling competitor with established plant operations and partnerships with major brands (including SABIC).
• Carbios: French biotech company developing enzymatic depolymerization of PET into monomers, targeting food-grade rPET. Direct competitor to Ioniqa with established partnerships with major PET producers (including Indorama Ventures) and consumer brand owners (including L'Oréal, Nestlé).
• Loop Industries: Canada-based company using chemical depolymerization to break down PET and polyester waste into monomers for virgin-quality resin. Directly comparable technology and business model to Ioniqa, targeting branded PET applications.
• APK AG: German chemical recycling company operating solvent-based Newcycling® process for polyolefins and PET. Competes with Ioniqa in the chemical PET recycling space with commercial-scale operations in Germany.

Broad incumbents

• SABIC: Global chemicals and petrochemicals giant with TRUCIRCLE™ portfolio of recycled and circular polymers, including chemically recycled PET. Provides vertical integration competition and potential partnership counterparty for Ioniqa.
• Veolia: Global environmental services and waste management company with plastics recycling operations and chemical recycling investments. Competes as a vertically integrated waste-to-recycled-resin provider alongside Ioniqa's licensing model.
• Eastman Chemical Company: Large US specialty chemicals company operating molecular recycling (methanolysis) for PET waste at commercial scale, producing food-contact rPET. Competes broadly with Ioniqa via integrated chemical recycling rather than technology licensing.

Others

• Indorama Ventures: World's largest PET resin producer, an existing Ioniqa partner and feedstock/offtake counterparty. Both a potential licensee and a competing integrated recycler pursuing its own chemical recycling capacity (including Carbios partnership).

Emerging players

• Reciplas: European PET-to-PET recycling specialist operating mechanical and chemical recycling for food-grade rPET. Emerging regional competitor focused on circular PET bottle-to-bottle applications in Europe.
• Gr3n Recycling: Swiss/Italian startup developing proprietary chemical recycling (depolymerization) of PET into virgin-grade monomers. Emerging competitor with overlapping technology approach and feedstock coverage (including colored PET).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/IoniqaCircular
• YouTubeyoutube.com/channel/UCYC0iZMJfQrxRyMvqhJo8Qw
• LinkedInlinkedin.com/company/ioniqa-technologies

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ioniqa Technologies