Ingka Group makes first circular investment in China, backing plastic recycler Re-mall
Ingka Group, the largest IKEA retailer, today announced its first circular economy investment in China with a growth capital injection into Re-mall (Shanghai Re-mall Environmental Protection New Material Co., Ltd.). This strategic investment, made through Ingka Investments, the group's investment arm, supports Re-mall, a leading Chinese recycler of post-consumer plastic packaging waste.
Re-mall is recognized for its proprietary technology that produces high-quality, transparent recycled polypropylene (rPP) from contaminated food packaging waste. This innovation addresses significant challenges in the recycling industry, such as material degradation and high processing costs, and positions Re-mall as one of the few global suppliers of such premium-grade pellets at scale. The recycled materials are used in products ranging from storage boxes and tableware to cosmetics packaging and textiles for blue-chip companies.
This investment is a key part of Ingka Group's commitment to supporting the transition to a circular economy, marking the first time Ingka Investments has made a circular investment in China, one of the world's largest plastic markets.
Headquartered in Shanghai with a production facility in Jiangxi Province, Re-mall is strategically positioned to access plastic waste streams from major economic hubs, such as Guangzhou and Shanghai. The funding from Ingka Investments will be used to increase Re-mall's recycling capacity and develop new products.
Ingka Group's circular investment portfolio, established in 2017, focuses on supporting businesses that develop technology or expand capacity to prevent waste and increase the availability of recycled materials. This new investment in Re-mall complements Ingka Investments' existing minority holding in Morssinkhof Rymoplast, a European plastics recycling company.
