Refinity Mission
Our mission is to build a new circular economy
where plastic waste is widely transformed into a globally valued resource.
To make a meaningful difference, we have to think differently about waste. We have to build a different kind of business. Our long-term vision is to transform a wide spectrum of waste, starting with plastic, into a broad range of drop-in raw materials.
9%
Shockingly, today only 9% of produced plastic is recycled, with most ending up in landfills or as litter.
240M
Tons/year of plastic waste is landfilled or incinerated.
80%
The percentage of global naphtha demand that we believe could be replaced with Refinity technology.
Dow is committed to transforming plastic waste into circular solutions that result in high-quality resins demanded by our customers while helping to accelerate a circular economy. We are excited to work with Refinity on waste-to-value which can be combined with Dow’s efforts to Decarbonize and Grow and its Path2Zero journey.
David Parrillo
Vice President for Research & Development, Dow
Packaging & Specialty Plastics and Hydrocarbons
Refinity Technology
We are transforming feel-good to real good
With only a few exceptions, the process involved in recycling plastic waste has made economic viability simply unattainable... until now. At Refinity, we plan to commercialize a game-changing technology that converts minimally-sorted mixed plastic waste into drop-in, raw material feedstocks... at yield levels expected to not only enable broad economic viability, but also allow global scalability and true circularity.
Featured news
Press Release
Refinity, Innventure’s Newest Company, Acquires Exclusive Rights to Novel Technology for Advanced Recycling of Mixed Plastic Waste from VTT Technical Research Centre of Finland
Our Team
Stewards of Innovation
Bill Grieco
Chief Executive Officer
Bill is an entrepreneur, innovator, and business leader who has spent the last 25 years leading R&D and commercialization organizations in the chemical, pharmaceutical, clean tech, and specialty materials industries. Prior to Innventure, Bill was CEO of The RAPID Manufacturing Institute®, a public-private partnership created to promote modular process intensification and transform manufacturing in the process industries. Bill also serves on the Advisory Boards for the School of Chemical and Biological Engineering at Georgia Tech and the FSEC Energy Research Center at the University of Central Florida. He holds chemical engineering degrees – a PhD and Master’s degree from M.I.T., and a Bachelor’s degree from Georgia Tech.
Adam Javan
Chief Operating Officer
Adam is a seasoned executive with over 25 years of running businesses at blue-chip companies as well as startups. Prior to Innventure, Adam joined Benson Hill, a food-tech company, pre-series C in 2018 as Chief Strategy Officer. Adam led the evolution, strategy, and business development to a successful commercialization event in 2021. Adam brings exceptional analytical, strategic, and creative thinking combined with a keen sense of pragmatism to identify techno-economically viable opportunities in complex market dynamics. Adam has an MBA from the University of Michigan’s Ross School of Business and a Master’s degree in Chemical Engineering from the Royal Institute of Technology, Stockholm, Sweden.
Ignasi Palou-Rivera
Chief Technology Officer
Ignasi is a leader in technology development and commercialization with over 25 years' experience in process development and scale-up, and techno-economic and sustainability assessment of new technologies in the chemicals and fuels industries. Prior to joining Refinity, Ignasi was the Executive Director and CTO of the RAPID Manufacturing Institute®, where he led the institute's successful funding renewal with a new focus on process technologies for sustainability and circularity in the process industries. Ignasi also teaches at the Illinois Institute of Technology in Chicago as an Adjunct Professor. He has a PhD in Chemical Engineering from the University of Wisconsin-Madison and an Engineer's degree from the Universitat Politècnica de Catalunya (Barcelona Tech).
Discover Innventure
Refinity is a proud member of Innventure's family of companies. As a completely reimagined technology commercialization platform, Innventure delivers funding and dedicated entrepreneurial execution to bring technologies to market from the power of Multinational Corporations’ R&D and channel partners. Through its build-and-hold approach, Innventure aims to create long-term value by maintaining majority ownership while providing dedicated resources to advance technology commercialization.