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Plastic Energy Joins New European Cleantech Scale-Up Coalition, Supported by Breakthrough Energy and Kadri Simson

From left to right: Doris Hafenbradl, CTO, Electrochaea; Essa Al-Saleh, CEO, Volta Trucks; Carlos Monreal, CEO, Plastic Energy; Ann Mettler, Vice President Europe, Breakthrough Energy; Nils Aldag, CEO, Sunfire; Kadri Simson, European Commissioner for Energy; Bill Gates, Founder, Breakthrough Energy; Donal O’Riain, CEO, Ecocem; Vaitea Cowan, Co-founder, Enapter; Philipp Offenberg, Senior Manager Europe, Breakthrough Energy; Julia Reinaud, Senior Director Europe, Breakthrough Energy; Henrik Henriksson, CEO, H2 Green Steel; Jules Besnainou, Executive Director, Cleantech for Europe

Plastic Energy joined seven other leading European cleantech companies to announce the formation of a new Cleantech Scale-up Coalition, with the goal of helping Europe become climate neutral, energy autonomous and industrially competitive. 

The coalition is supported by Breakthrough Energy, founded by Bill Gates, and Kadri Simson, European Commissioner for Energy, both in attendance at the event. 

“Europe is facing an energy crisis and the threat of climate change. The solution must be a clean energy transition. We need to rapidly scale up innovative technologies, and this new coalition of cleantech frontrunners will help us to get there.” said Kadri Simson, European Commissioner for Energy.  

The coalition members are companies scaling and industrialising technologies whose products and services range from decarbonising industry and energy with renewable hydrogen to producing scalable low-carbon cement; from electrifying transport to recycling materials and batteries.

“We are delighted to join the Cleantech Scale-up Coalition, which will be crucial in influencing the policy landscape on Europe’s green industrial transition. Materials recycling will be instrumental in helping to achieve net zero and a circular economy. Plastic Energy’s unique advanced recycling technology is closing the loop on plastic waste and displacing virgin resources to enable a sustainable materials future.” said Carlos Monreal, CEO of Plastic Energy.”

The Cleantech Scale-up Coalition’s objective is to usher in a new era of climate and industrial leadership for Europe. While Europe has developed most of the technologies it needs to get to net zero, it is still struggling to scale and industrialise them. The broad deployment of innovative clean technologies is crucial for achieving European climate, energy, and competitiveness goals and increase the region’s ability to be resilient to future shocks.

“This new coalition of sustainable frontrunners embodies the spirit of European entrepreneurship. If we create the conditions for their success, the EU stands to become the climate and industrial leader of the next decades.” said Ann Mettler, Vice-President of Breakthrough Energy Europe.

Founding members of the coalition are: H2 Green Steel (near zero-carbon steelmaking), Sunfire (renewable hydrogen), Volta Trucks (full-electric trucks), Plastic Energy (chemical recycling), Enapter (renewable hydrogen), Ecocem (scalable low-clinker cement), Electrochaea (renewable power-to-gas), Hydrovolt (battery recycling). The work of the coalition will be facilitated by Cleantech for Europe, an initiative bridging the gap between cleantech and policy leaders.

“Scaling and deploying clean technologies will get Europe not just climate neutrality, but also energy autonomy and industrial leadership. This new Coalition will carry the voice of the next generation of industry.” said Jules Besnainou, executive director of Cleantech for Europe.

Plastic Energy is a global leader in chemical recycling, offering a sustainable solution to help prevent plastic waste, transforming previously unrecyclable plastic waste into a valuable resource. Our patented and proven chemical recycling technology converts end-of-life plastic waste into an optimal feedstock (TACOIL™) for making virgin-quality recycled plastics. Plastic Energy currently has two chemical recycling plants that are in constant operation in Spain and is one of the few companies worldwide that has sold TACOIL™ from the conversion of end-of-life plastic waste to replace fossil oils in the manufacturing of new plastics. We are leading our field in the transition to a low-carbon circular economy for plastics. Learn more on our website, and follow us on Twitter and Linkedin.

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