TUSTI Built an EIC Accelerator Greasy Plastic Plant and Went Bust

15 October 20262,485 words13 min

Almost half of the plastic collected for recycling ends up in the "mixed plastics" fraction, and much of it is coated in oil and food grease that standard washing lines cannot remove without hot water, steam or corrosive chemicals. That is how TUSTI, a Dutch recycler, described the problem in its final EU report: greasy mixed plastic is too expensive to clean, so it is burned or landfilled. TUSTI said it had solved this with a patented wash based on bio-based cleaning liquids that work at room temperature, and in the EIC Accelerator pilot's May 2020 Green Deal cut-off the European Commission backed it with a grant of €2,121,627.38, according to CORDIS.

The project, EGREMPLARE, closed on 31 March 2024 with a report that describes a factory hall in Montfort, in Dutch Limburg, and a processing line rated at 15,000 tonnes a year. On 13 December 2024 the district court of Limburg declared Tusti B.V. bankrupt, on the same day and with the same curator as its sister company Stiphout Plastics B.V., which ran the recycling plant next door, according to the insolvency records reproduced by faillissementsdossier.nl for TUSTI and for Stiphout Plastics.

€2.12MEU grant for EGREMPLARE, 2020
€3.03MTotal project cost
15,000 tYearly line capacity reported to CORDIS
BankruptSince 13 December 2024

Company file

Legal entity
Tusti B.V., KvK 62918923, incorporated 20 March 2015
Location
Maasbrachterweg 7, Montfort (business address since May 2022); earlier Eindhoven
Founders
Jan Kolijn (CTO, chemical engineer) and Eline Stiphout (CEO)
Origin
Eindhoven University of Technology Holding with the Stiphout companies
EU projects
EGREMPLARE Phase 1 (2018, €50,000); EGREMPLARE EIC Accelerator pilot (2020, €2.12M, grant only)
EIC Fund
Not in the EIC Fund portfolio
Status
Bankrupt, Rechtbank Limburg, case F.03/24/307

Where TUSTI Stands Now

TUSTI is in bankruptcy. The Limburg court opened the proceedings on 13 December 2024 and appointed mr. D.A.J. Roomberg of Adelmeijer Hoyng Advocaten in Maastricht as curator; the bankruptcy was published on 16 December 2024, and the register's main activity code for the company is technical research and development, according to faillissementsdossier.nl. North Data lists the same insolvency publications and now adds Maastricht addresses, including the curator's PO box, to the company's record. The curator has filed ten progress and financial reports, the latest two on 8 September 2026, and the court replaced the supervising judge in January 2026, so the case was still open at the last update. The content of the reports, including the cause of the bankruptcy, the number of staff and what happened to TUSTI's assets and patents, could not be checked for this article: the reports sit behind a registration wall.

One register detail does not fit. The KvK extract shown by faillissementsdossier.nl gives a status of "opgeheven" (closed) dated 30 November 2022, yet TUSTI filed balance sheets for 2022 and 2023 in 2023 and 2024, according to North Data, and was declared bankrupt as a company in 2024. The extract does not say what was closed in 2022.

The company's website showed an unchanged homepage, inviting suppliers of greasy plastic waste and buyers of "clean, dry plastic regrind", in an archived copy from May 2026, seventeen months into the bankruptcy. By October 2026 the domain tusti.nl no longer resolved.

The record

From a TU/e spin-off to bankruptcy in under ten years

TUSTI's EIC Accelerator project ran from January 2021 to March 2024. The Limburg court declared the company bankrupt on 13 December 2024, the same day as its sister company Stiphout Plastics.

  1. Mar 2015TUSTI B.V. incorporatedTU/e Holding and the Stiphout companies
  2. Aug 2015First patent filedRoom-temperature degreasing of plastic
  3. Dec 2016Gouden KiemBest chemistry start-up of 2016
  4. May 2018SME Instrument Phase 1€50,000 feasibility study, EGREMPLARE
  5. May 2020EIC Accelerator pilot cut-offEGREMPLARE, Green Deal callgrant only
  6. Jan 2021Project starts€2.12M EU contribution
  7. Jun 2022Factory hall finishedMontfort, per CORDIS report
  8. Jul 2023LyondellBasell deal50% of parent group Stiphout Industries
  9. Nov 2023US patent grantedUS 11,819,886, polyol cleaning
  10. Mar 2024Project endsReports a 15,000 t/yr line
  11. Dec 2024BankruptcyRechtbank Limburg, F.03/24/307bankrupt
  12. Sep 2026Latest curator reportsBankruptcy still open

KvK data via faillissementsdossier.nl, CORDIS, TUSTI website (archived), TU/e Cursor, IO+.

A Family Recycler and a University Spin-off

TUSTI was never a stand-alone start-up. Its own about page says it was founded in 2015 by Eindhoven University of Technology Holding together with the Stiphout companies (Stiphout Industries, Stip Recycling and Stiphout Plastics), with Jan Kolijn as CTO and Eline Stiphout, whose family had traded and recycled plastics for more than 30 years, as CEO. The university's news site Cursor called it a TU/e spin-off when it won the Gouden Kiem, the Dutch award for the best chemistry start-up, on 7 December 2016, which IO+ also reported.

The two companies shared a site. TUSTI's process page says it cleaned oily plastic by adapting "the 6000 ton/year industrial plastic washing/recycling line of Stiphout Plastics" at a waste disposal site in Montfort. In July 2023 the chemicals group LyondellBasell bought 50% of Stiphout Industries B.V., the parent of Stiphout Plastics, for an undisclosed price, according to the press release republished by Renewable Carbon and reported by EUWID. Neither source mentions TUSTI. The press release dates the founding of Stiphout Industries to 2015, while IO+ gives 2013. Whether TUSTI sat inside the group LyondellBasell bought into is not stated in any public source found; faillissementsdossier.nl lists it alongside Stiphout Plastics under Stiphout Industries B.V.

Stiphout Plastics, which employed around 30 people and had 18,000 tonnes of yearly capacity on three lines in 2023, went bankrupt the same day as TUSTI. Eline Stiphout told Dutch media that recyclate prices pushed down by cheap imports had brought the company to breaking point, and LyondellBasell said it was "disappointed by the current news", according to Modern Plastics India, citing Sustainable Plastics. An online auction titled "Faillissement Stiphout Plastics B.V. Montfort" closed on 24 April 2025, according to faillissementsdossier.nl; what it sold is not listed there.

One site, two bankruptcies

TUSTI and Stiphout Plastics had neighbouring addresses on the Maasbrachterweg in Montfort, the same parent group in the register and the same curator. TUSTI's EIC plant cannot be judged apart from the recycler it was built beside.

The Technology: Degreasing at Room Temperature

Mechanical recyclers shred plastic packaging, wash it, separate it by density in water and dry the flakes. Grease and oil from food packaging survive a cold wash, so plants that take such waste use hot water, steam or caustic agents, which costs energy and can degrade the plastic, TUSTI argued in its CORDIS report. Its alternative was a cleaning liquid that dissolves the grease at room temperature and is then separated from water and oil so it can be reused, with the recovered oil sold to biofuel producers, according to the company's process description. The CORDIS objective claims this saves 60% of the energy of current cleaning processes; no independent measurement of that figure was found.

The chemistry is patented. TUSTI says it filed its first patent in August 2015, and IPqwery lists three patent families with Jan Kolijn as inventor, including US patent 11,819,886, "Non-corrosive process for cleaning a recyclable material", filed in March 2020 and granted on 21 November 2023. North Data lists the same patent titles from 2016, 2019 and 2020. What the curator has done with them is not public.

"At the moment we are busy with the recycling of non-greasy post-consumer plastic – almost 5000 tons per year."

Jan Kolijn, CTO, TUSTI, to IO+, August 2018

In that 2018 interview Kolijn said the Montfort plant was becoming too small and that TUSTI planned a new 10,000-tonne plant at a new location, financed in part by a new Rabobank loan, with oily plastic cleaning to begin in 2019. The capacity figures the company and its sister published over the years rarely line up.

The tonnes

Every capacity figure TUSTI and its sister company published

The figures come from different years and partly describe the same Montfort site. None of them is a measured output; no production or sales volume for TUSTI has been published.

IO+ (2018), TUSTI website (archived), CORDIS projects 816636 and 101009511, Modern Plastics India citing Sustainable Plastics (2023 figure). Tonnes per year.

What EGREMPLARE Promised, and What CORDIS Shows

EGREMPLARE was TUSTI's second EU grant under the name. In 2018 the SME Instrument paid €50,000 for a four-month Phase 1 feasibility study, whose CORDIS summary set the commercial target: "sales of 12,000 tonnes of plastic waste collected and over 10,000 of plastics recycled in the third year of commercialization, with revenues of more than 6 M€ by 2023." The company said it had invested more than €350,000 since 2015.

The Phase 2 grant followed in the EIC Accelerator pilot's 19 May 2020 Green Deal cut-off. The Commission's list of selected companies names TUSTI of Eindhoven, with www.tusti.nl, as a grant-only winner and lists no partner company for the project. The grant agreement was signed on 11 December 2020 and the project ran from 1 January 2021 to 31 March 2024, with TUSTI as sole beneficiary, according to CORDIS.

The project budget

The EU paid for 70% of the €3.03M EGREMPLARE project

TUSTI was the only beneficiary. The grant was signed on 11 December 2020 and the project closed on 31 March 2024.

CORDIS, project 101009511. Values in € millions.

The plan, in the words of the final report, was "to build a demonstrating factory for the recycling of post-consumer household packaging in the Netherlands", in three phases: pilot tests, building the line, and external testing of the output by customers, plus a plan to spread the technology across Europe. The report says pilot tests ran on industrial samples from five suppliers in the Netherlands, Germany and France; the factory building was finished in June 2022; shortages of steel, copper and electronics forced a two-stage build, first for floating polyolefins and from 2023 for the sinking fraction (PET, PS, metals and stones); and the finished line could process 2.5 tonnes an hour, or 15,000 tonnes a year. It reports a material efficiency of 60 to 85% and says customers turned samples into tubes, bottles and keg parts.

What the report does not contain is any sales volume, named customer or revenue figure. Its last commercial step is that "together with LyondellBasell as a partner, the expansion of the EGREMPLARE technology to other recyclers in the network is discussed." No licence, second plant or LyondellBasell use of the technology has been announced by either company.

  1. Pilot tests on industrial waste samplesDeliveredSamples from five suppliers in three countries, per the CORDIS report.
  2. Demonstration factory in the NetherlandsSelf-reportedHall finished June 2022 and a 15,000 t/yr line installed, per the company's own report; no third party has reported on it.
  3. Customer validation of the recyclatePartialSamples processed by unnamed potential customers; no supply contract announced.
  4. 10,000 t recycled and over €6M revenue by 2023Not achievedNo volume or revenue published; bankrupt December 2024.
  5. Roll-out to other recyclers in EuropeNot achievedOnly "discussed" with LyondellBasell at project end; nothing announced.

On the narrow question of whether the grant built something, the answer from the company's own report is yes: the line was installed within the 39-month project period. On the question the EIC Accelerator was meant to answer, whether the technology could stand as a business, the company was declared bankrupt nine months later, for reasons that are not public.

The Money

TUSTI's EU funding totalled €2,171,627.38 across the two EGREMPLARE grants, according to CORDIS. It received no EIC equity: the award was grant only, and TUSTI does not appear among the 319 companies listed across the EIC Fund's portfolio pages checked for this article. Its other disclosed financing was the Rabobank loan for a new plant mentioned in 2018 and regional innovation funding for an earlier project, Arvina, from the Stimuleringsfonds MetropoolRegioEindhoven and REAP, according to the company's projects page; no equity round was found.

The EU money

The 2020 grant was more than 42 times the 2018 one

The 2018 Phase 1 grant paid for a four-month feasibility study; the 2020 grant was to build the demonstration plant.

CORDIS, projects 816636 and 101009511. Values in € thousands.

TUSTI filed balance sheets for 2022 and 2023, but their figures are only available through paid register services and could not be checked. How much of the EU grant was paid out, and whether the Commission has a claim in the bankruptcy, is not public.

Why Europe Should Care

The EU's packaging rules now push directly at the waste stream TUSTI targeted. The Packaging and Packaging Waste Regulation, Regulation (EU) 2025/40, has been in force since 11 February 2025 and applies from 12 August 2026; it aims to make all packaging on the EU market recyclable "in an economically viable way by 2030" and to increase the use of recycled plastics in packaging, according to the European Commission. A process that turns greasy mixed packaging into clean polyolefin and PET flakes would feed that demand, and the EGREMPLARE report presents the plant as a contribution to the Green Deal goal of "mobilising the industry for a clean and circular economy".

The economics went the other way. Stiphout Plastics was one of several Dutch recyclers to file for bankruptcy around the end of 2024, a list that also includes Blue Cycle, Vinylrecycling, Umincorp and Ioniqa, the chemical recycler with which TUSTI had run a test project in 2018, according to Modern Plastics India and IO+. The cause Eline Stiphout gave for her recycler's collapse was recyclate prices pushed down by cheap imports.

What the company said

A patented, low-energy wash that turns landfilled greasy plastic into high-grade resin, a demonstration plant, and a technology to spread across Europe with LyondellBasell.

What the record shows

A line reported built in Montfort, no published sales or customers, no licensee, and a bankruptcy on the same day as the sister recycler that shared its site.

The Verdict

Built, then bankrupt

By its own account TUSTI used the EIC grant for what it promised: it tested its cleaning process at industrial scale and installed a recycling line. The commercial targets set in its 2018 application, 10,000 tonnes recycled and more than €6 million in revenue by 2023, never appear in any public record, and the company was declared bankrupt nine months after the project closed. The plant was a demonstration of the chemistry, not of a business.

TUSTI's curator, its founders and the EIC have not been asked for comment for this article. It is based entirely on public records, company statements and EU project data, linked throughout.

Industry

Climate and environmentRecycling

Focus
  • Plastic recycling
Technologies
  • Mechanical recycling
  • Separation technology
Keywords
  • Mixed plastics
  • Greasy plastics
  • Cold washing
  • Bio-based solvents