Mills & Reeve advises Evonik on investment in UK polymer company

Mills & Reeve has advised German chemicals giant, Evonik, on its investment in Interface Polymers Ltd in a move to strengthen its position in sustainable products and recycling.

Evonik has invested in Loughborough-based Interface Polymers through its Sustainability Tech Fund which was launched last year.

Interface Polymers was established in 2016 to commercialise inventions made in the Department of Chemistry at the University of Warwick in Coventry. A core competency of this company is the use of its Polarfin® technology to make the surface of polyolefins compatible with other materials.

This company’s Polarfin® additives simplify the processing of mixtures of polyethylene or polypropylene with other plastics. At the same time, its technology makes it possible to recycle such plastics, thereby solving one of the biggest problems in the recycling process.

Bernhard Mohr, head of venture capital at Evonik said: “Many modern applications would be unthinkable without plastics but recycling them is still a big challenge. Interface Polymers’ additive technology offers a solution and is an excellent fit with Evonik’s Circular Plastics Program.”

Ross Baglin, CEO of Interface Polymers, said: “Our Polarfin® additive technology modifies and improves the properties of the world’s most commonly used plastics. It can solve several key environmental challenges with their use today. We are delighted to have a world-class company like Evonik as an investor and development partner, and we look forward to making polymers the best solution for so many human needs”.

Zickie Lim, head of the venture capital and investments team at Mills & Reeve, said: “Interface Polymers with its high performance additives technology is a great addition to Evonik’s investment portfolio as the company drives forward its commitment towards sustainable recycling.”

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