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Recycling start-up scores $6m for enzyme that eats plastic

Yolanda Redrup
Yolanda RedrupRich List Editor

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Local recycling tech start-up Samsara Eco is gearing up to commercialise a new patented carbon-neutral recycling process, using enzymes that can break down plastics into their foundational building blocks, known as monomers.

The start-up has raised $6 million in fresh funding from the Clean Energy Finance Corporation, Woolworths’ venture capital fund W23 and CSIRO’s Main Sequence Ventures.

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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

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    Original URL: https://www.afr.com/technology/recycling-start-up-scores-6m-for-enzyme-that-eats-plastic-20220323-p5a75s