SearchSABIC Ventures case study – SYNOVA
Working together to make a significant impact
SYNOVA, led by CEO Jörg Krüger, targets two key global challenges: plastic waste and climate change. With its groundbreaking technology, SYNOVA transforms plastic waste into high-value chemicals, offering a solution that could lend to lower emissions, higher yields, and increased efficiencies in the circular product value chain.
Developing value
This collaboration goes beyond a typical investment. SABIC Ventures offers access to a network of experts within SABIC, allowing SYNOVA to tap into resources and knowledge that would have been otherwise inaccessible.
Jörg Krüger emphasizes the depth of this collaboration, “The mutual understanding and shared goal have made this collaboration incredibly fruitful. SABIC Ventures challenges us in the best way possible — pushing us to think strategically about where we are heading and how to get there. They have become more than just an investor; they are a true ally in our mission.”
Scaling-up
One of the key factors in SABIC Ventures' investment was the scalability of SYNOVA's technology. Thanks to SABIC Ventures' support, SYNOVA is now continuing to refine its technology and push it toward commercialization. The next step: building a commercial-scale plant to bring its innovative waste-to-chemicals process to market.
Looking ahead
SYNOVA's ambitions are clear: scaling operations, increasing market presence, and building a commercial-scale plant to bring its technology to the world.
SABIC Ventures has been instrumental in connecting us with the right people and resources within the broader SABIC ecosystem. These connections have not only accelerated the development process but also opened doors for future growth.