Samsara Eco plans to use the $65m raised to build commercial facilities for the innovation in Southeast Asia. It says it will have one nylon factory and one polyester facility capable of recycling “millions of tonnes” of plastic waste from nearby garment factories. Credit: Shutterstock

Samsara Eco uses AI to create the plastic-eating enzymes, which can break down commonly-used plastics into their original building blocks, making them ready for reuse and what it calls “infinite recycling”.

The Australian company claims its technology has a key advantage over competitors as it doesn’t require plastics to be sorted for recycling – plastic waste can be passed through various stages to separate the different materials.

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The company plans to use the $65m raised to build commercial facilities for the innovation in Southeast Asia. It says it will have one nylon factory and one polyester facility capable of recycling “millions of tonnes” of plastic waste from nearby garment factories.

The sites will be 50:50 joint ventures between Samsara Eco and plastic polymerisation companies.

Samsara Eco’s CEO Riley said: “Our partners are drawing us to market quickly. It really is an exciting inflection point in the business to have the capital platform to go faster to commercialize and work with our partners to bring the technology to market.”

Investors include Lululemon, which is already selling a jacket made using recycled polyester made by Samsara Eco, and Hitachi’s investment arm Temasek.

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At the time, Lululemon’s vice president of raw materials innovation Yogendra Dandapure said: “Our vision is to scale these technologies to address textile waste across our entire supply chain. This capsule product is a first step along this journey, helping us test and learn as we continue to advance circularity, which signals exciting possibilities for all industries looking to shift to more circular models.”