Core Viewpoint - The article discusses the recent financing round of the recycling plastic company "RuiMo Environmental," highlighting its innovative technology and market potential in the context of increasing global plastic pollution and regulatory pressures for sustainable practices [6][7]. Company Overview - "RuiMo Environmental" was established in 2015 as a technology-driven enterprise in the recycling plastic industry, focusing on high-value recycling of polypropylene (PP) and polyethylene (PE) through a full industry chain model of "recycling-reprocessing-application" [6]. - The company utilizes physical recycling methods to achieve "same-level recycling," ensuring that the performance of recycled pellets is close to that of virgin materials, certified by standards such as FDA and EU RoHS [6][8]. Market Context - Approximately 70% of waste plastics are either landfilled or incinerated, with global regulatory frameworks pushing for increased use of recycled materials in packaging, targeting a 30% usage rate by 2030 in various countries [7]. - The global market for recycled plastic products is projected to reach $174.42 billion (approximately 1.26 trillion RMB) by 2030, with China accounting for about 60% of the global recycled plastic industry [7]. Technological Innovations - "RuiMo Environmental" has developed automatic sorting equipment for polyolefin food packaging waste, enhancing sorting efficiency through visual recognition and digital systems [8]. - The company addresses quality and safety issues in recycled materials through advanced cleaning, high-precision sorting, and melting filtration processes, enabling the production of recycled plastics suitable for high-demand applications [8]. Production Capacity and Strategy - The company has achieved an annual production capacity of tens of thousands of tons, primarily serving strict quality-demanding overseas markets [8]. - "RuiMo Environmental" is exploring technology exports and plans to establish branches in Europe and the United States to be closer to customers [8]. Team Expertise - The founding team includes individuals with extensive experience in the petrochemical and recycling industries, contributing to the development of national standards for recycled plastics in China [9]. Investor Insights - Lukas Visser from Ingka Group emphasizes the company's impact on the local recycling market and the goal of addressing global plastic waste issues through this investment [10]. - Pontus Erntell, President of IKEA China, highlights the commitment to sustainable practices and the opportunities presented by the Chinese market for accelerating the transition to a circular economy [11].

Company Overview - "RuiMo Environmental Protection" is a technology-driven high-tech enterprise in the recycled plastics industry, established in 2015, focusing on the high-value recycling of polypropylene (PP) and polyethylene (PE) through a "recycle-reuse-application" model [1][3] - The company utilizes physical recycling methods to achieve "same-level recycling," ensuring that recycled pellets perform close to virgin material levels, certified by the FDA and EU RoHS [1][3] Recent Developments - RuiMo Environmental Protection recently completed a new financing round led by Ingka Investments, with continued support from existing shareholder Asahi Kasei, and with Momentum Capital acting as the exclusive financial advisor [1] - The funds will primarily be used for technology research and development, capacity expansion, and market development [1] Market Context - Approximately 70% of plastic waste is either landfilled or incinerated, with increasing pressure on global plastic pollution management [2] - Various countries have set clear targets for the use of recycled materials in plastic packaging, with a goal of 30% by 2030 [2] - The global market for recycled plastic products is projected to reach $174.42 billion by 2030, with China accounting for about 60% of the global recycled plastics industry [2] Technological Innovations - RuiMo Environmental Protection has developed automatic sorting equipment for polyolefin food packaging waste, enhancing sorting efficiency through visual recognition and digital systems [3] - The company addresses quality and safety issues in recycled materials through deep cleaning, high-precision sorting, and melt filtration processes, enabling the production of recycled plastics suitable for high-demand applications [3] Industry Challenges - The recycled plastics industry is characterized by small, scattered, and polluting production practices, leading to low-quality recycled materials that often do not meet international brand standards [2] - The domestic production rate of food-grade recycled PP is low, with significant technical barriers and supply chain bottlenecks [2] Team Expertise - The founder and CEO, Zhu Kuan, has 8 years of experience in petrochemical marketing management and 10 years in the plastic recycling industry [4] - The CTO, Xiong Wei, holds a PhD in Polymer Science from the Chinese Academy of Sciences and has a background in multinational chemical enterprises [4] Investor Insights - Lukas Visser, head of circular investments at Ingka Group, highlighted RuiMo's strong supplier network and partnerships with leading local delivery platforms, aiming to expand its impact on the local recycling market [5] - Pontus Erntell, President and Chief Sustainability Officer of IKEA China, emphasized the commitment to long-term investment in the Chinese market and the opportunity to lead the transition to a circular economy [6]