Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, announced a growth capital injection in Shanghai Re-mall Environmental Protection New Material Co., Ltd., the China-based recycler of post-consumer packaging waste, marking the first Chinese investment for Ingka Investments in its Circular Investment portfolio.

Re-mall dedicates on recycling food packaging waste and produce high-quality rPP for new products.

This investment is part of Ingka’s commitment to support the transition towards a circular economy by investing in companies that are developing technology or growing capacity to prevent waste or supply recycled materials.

“Re-mall’s strong supplier network and partnerships with leading Chinese food delivery service providers are already allowing them to create impact at scale for the local recycling market. By investing in Re-mall, we want to amplify this impact to help address a global plastic waste problem and contribute to the circular economy transition,” said Lukas Visser, Head of Circular Investments at Ingka Group.

Lukas Visser, Head of Circular Investments at Ingka Group.

Ingka Group established its circular investment portfolio in 2017. It focuses on materials with a high carbon footprint, for which recycling infrastructure is lacking. Its aim is to grow profitable businesses that avoid millions tons of carbon dioxide emission and increase the availability of recycled material on the market.

This investment complements Ingka Investments’ existing minority holding in Morssinkhof Rymoplast, a European plastics recycling company also helping to limit the carbon footprint through plastic recycling.

Chinese recycler Re-mall

Re-mall recycles post-consumer packaging waste and uses a proprietary technique and process to produce transparent recycled polypropylene (rPP) for use in new products.

Within China, the company is recognized for producing premium-grade post-consumer recycled polypropylene driven by technology and innovation, and is actively exploring, and building, high-quality closed-loop solutions with their value chain partners.

Re-mall is headquartered in Shanghai, China. 

Re-mall is headquartered in Shanghai, China, and operates a production facility strategically located in Jiangxi province, allowing for access to plastic waste streams from large cities, like Guangzhou and Shanghai. The investment will support Re-mall in increasing its recycling capacity and developing new products.

“We are happy to welcome Ingka Investments as a strategic partner in our mission to accelerate the circular economy in plastics. This collaboration marks a significant milestone in our journey to scale sustainable solutions globally. Together, we aim to transform plastic waste into valuable resources, contributing to a cleaner planet and a more responsible future,” said Kuan Zhu, CEO of Re-mall.