Innventure’s Refinity acquires exclusive rights from VTT Technical Research

Refinity, the newest company launched by Innventure (INV), announced the global licensing of rights from VTT Technical Research Centre of Finland for its proprietary fluidized bed advanced plastic waste conversion technology. Refinity plans to use the licensed technology to commercialize the cost-effective conversion of mixed plastic wastes to chemical precursors, required in all petrochemical production, to replace fossil feedstock used for the precursors. “This is an important next step in the development and deployment of a differentiated waste conversion process globally,” said Bill Haskell, CEO of Innventure. “With their keen expertise and knowledge, I’m excited to see what Bill and Adam can achieve with Refinity and look forward to witnessing Refinity’s ongoing collaboration with VTT and Dow.”