recyclable plastics

Empowering Circular Economy through Chemovator’s support and BASF collaboration

VentureCapital Magazine | June 2023 | Germany

Resycure is tackling the recycling problem and is being supported by Chemovator, the business incubator of BASF. Our founders, Michel Weinketz and Joerg Von Walcke had the opportunity to share their insights in an exclusive interview with VentureCapital Magazin. Learn how Resycure is playing a pivotal role in closing the loop in plastics recycling.

 VC Magazin: What contribution does Resycure make to the circular economy?

Von Walcke: The recycling market is broken, and the transition is too slow. Consumer goods companies have set targets for the use of recycled materials but struggle with an opaque, highly complex, and often locally focused market. To increase the proportion of recycled plastics, we collaborate closely with brand owners and packaging manufacturers worldwide, consolidating their demand for similar plastic packaging. Recycling companies also benefit from the consolidated volume. For example, if a company has a demand of 500 tons per year for shampoo bottles in Europe, our model consolidates this volume to 8,000 to 10,000 tons per year and uses collective purchasing power to ensure that they not only have better commercial conditions with recycling companies but also have priority in delivery and reduced risk in long-term contracts in a tight market. At the same time, recycling companies benefit from the consolidated volume by scaling their business models and investing in improved quality.

VC Magazin: How does the collaboration with Chemovator unfold?

Weinketz: Chemovator offers some unique advantages. Apart from financial support, we are provided with experienced mentors from the startup scene. They act as both supervisory board members and advisors, sharing their own practical experiences with us. Moreover, being associated with BASF is a significant advantage, as it opens doors to many large customers and organizations that are otherwise challenging for a startup in its early stages to reach.

VC Magazin: From your perspective, how could external startups benefit from Chemovator?

Von Walcke: We would recommend Chemovator to startups that can truly leverage the “unfair advantage” of connecting with BASF. This could be either because their business model complements solutions in the chemical industry or because BASF’s global B2B environment, as the world’s largest chemical company, can help startups open doors, gain customers, and quickly validate assumptions.

The article has been translated from German to English by Resycure. 

Source: VC Magazin

Full access to the content (only in German): https://t.co/cfNqBiriB9  

World Environment Day: Resycure’s Revolutionary Role in Transforming the Circular Economy

World Environment Day, celebrated on June 5th, is a global initiative that raises awareness and promotes action for environmental protection. On this significant occasion, we delve into the role of Resycure, an innovative platform developed by the impact startup within BASF‘s Venture Incubator Chemovator, in revolutionizing the circular economy. Resycure is driving sustainable practices and reshaping the way we handle plastic waste, making it easier for businesses of all sizes to secure long-term supply agreements with recyclers.  

Let’s explore how Resycure is transforming the recycling landscape and contributing to a greener future. 

Resycure introduces a game-changing solution 

At its core, Resycure simplifies and streamlines the process of establishing long-term partnerships between companies and recyclers. By connecting businesses with recyclers, Resycure ensures a consistent supply of recyclable plastics, paving the way for a circular economy. This innovative platform revolutionizes the traditional recycling model, promoting sustainability, economic growth, and environmental stewardship. 

We create a reliable supply chain 

One of the key benefits of Resycure is its ability to create a reliable supply chain for recyclable plastics. By facilitating secure and transparent agreements, Resycure enables businesses, whether small, medium, or large, to establish long-term partnerships with recyclers of all sizes. This stable supply chain eliminates uncertainties, supports circular practices, and contributes to a more sustainable future. 

Resycure fosters innovation in plastic recycling 

Resycure not only connects stakeholders but also fosters collaboration and knowledge-sharing among them. By bringing together businesses, recyclers, and industry experts, this platform stimulates innovation in the recycling sector. Through shared insights and technological advancements, Resycure is driving the development of cutting-edge recycling technologies and solutions, further enhancing the circular economy. 

We aim to reduce the environmental impact of plastic pollution 

Plastic waste poses a significant threat to our environment. However, Resycure plays a vital role in diverting plastic waste from landfills and incineration, reducing its environmental impact. By facilitating the recycling process, Resycure conserves resources, minimizes carbon emissions, and mitigates climate change. This substantial contribution aligns with the goals of World Environment Day, reinforcing the importance of sustainable practices. 

We drive economic growth

Embracing circular economy principles not only benefits the environment but also stimulates economic growth. Resycure unlocks new business opportunities and fosters sustainable economic development. By connecting companies with recyclers, this platform supports the growth of a circular economy ecosystem, where waste becomes a valuable resource and generates economic value. 

On World Environment Day, we celebrate the tireless efforts of initiatives like Resycure in revolutionizing the circular economy. Through its game-changing platform, Resycure is making it easier than ever for businesses to secure long-term supply agreements with recyclers, driving sustainable practices, and reshaping the future of plastic waste management. By creating a reliable supply chain, fostering innovation, reducing environmental impact, and driving economic growth, Resycure is a catalyst for positive change. Let’s embrace the power of innovation and collaboration to build a more sustainable world for generations to come. Together, we can create a greener, more circular future.