In conversation with Norbert Fraunholcz (CEO of ReSolved Technologies) and Lex Westbroek (Investment Manager at BVP), it quickly becomes clear that this is not their first meeting. The two complement each other seamlessly, especially when discussing the (near) future of ReSolved Technologies and its impact on the use of recycled materials in high-end applications.

 

Bright Ideas

The CEO kicks off: “Recycling plastic waste into high-quality materials on a large scale has always been a major challenge—color and consistency are often issues. That’s why currently less than 3% of recycled plastic is used in household appliances and cars, even though the target for 2030 is 25% or higher. ReSolved Technologies has developed a dissolution technology that builds on existing processes and transforms low-grade ABS into a premium raw material with excellent quality and proven durability.”

Fraunholcz acquired a patent in 2019 and began searching for a suitable location to set up operations: “The company quickly landed at Chemelot, a site with a strong chemical industry background, excellent support for startups, and a clear focus on circularity. It was the perfect place to bring this vision to life. I was assigned a mentor to help with my business plan, and after a year in the incubator, I was introduced to BVP in 2021 for potential funding, but they felt I was still too early,” he reflects on the early days.

 

Venturing

So it was back to the lab, to refine the product and build a team. “We got to work and managed to scale up from a test setup handling just 50 grams to one capable of processing 2 kilograms. That’s when BVP came on board with an investment in 2023, which was a real milestone for us: it not only boosted our own confidence, but also enhanced our credibility with stakeholders around us.”

“Our new pilot plant can process up to 100 kilograms of material. That wouldn’t have been possible without BVP’s capital injection, we’re already talking about a multi-million euro investment. And this is only the beginning: by Q2 of 2028, we aim to establish a production line with a 4 million kilogram annual capacity. That will, of course, require continued financial backing from investors like BVP,” Fraunholcz explains.

Partners

“But it’s about more than just finance,” adds Investment Manager Westbroek, who saw ReSolved Technologies become his first lead investment at BVP. “The foundation of future success is always mutual trust, both in the product and on a personal level. And that personal connection is key. As one team, we’re now looking for new investors together. I often see myself as a kind of ‘matchmaker,’ finding the right and fitting partners.”

“With this full investment round, ReSolved Technologies can really take the next big step. We often say: ‘pedal to the metal’, full speed ahead to further develop the technology and achieve the necessary scale. It’s rewarding to be part of this journey, especially since it’s my first lead investment and the results are becoming more visible every day,” Westbroek says with measured pride. “And what’s great,” Fraunholcz concludes with a smile, “is that after all this time of close collaboration, we still work together so well!”