London, 23 December. DeepTech Recycling (or ‘the Company’), the business developing solutions to convert complex, hard-to-recycle plastics waste into high-value, on demand products, is pleased to announce the appointment of Simon Ashby-Rudd as Chairman of its Board of Directors.
This strategic move marks a key milestone as the Company accelerates its commercial efforts and enters its next stage of growth.
Simon, a BSc economics graduate of the University College London, brings over 30 years of extensive financial experience in the energy sector. His background spans energy investment banking roles at major institutions including Dresden Kleinwort Benson, Citigroup and Standard Bank; as well as senior positions at boutique energy advisory firms such as Tristone Capital and Waterous & Co.
His global experience and leadership in energy finance are crucial as EMV Capital-backed, DeepTech Recycling moves forward with its ambitious plans for growth. The Company is particularly excited to leverage Simon’s expertise as it continues to develop commercial projects in the UK and Europe with customers and partners. The expansion into the European market is a significant step in DeepTech’s journey toward becoming a leading provider of technology solutions for hard-to-recycle plastic waste.
Incoming Chair at DeepTech Recycling, Simon Ashby-Rudd, commented: “I have always been drawn to innovative, cutting-edge energy companies, and DeepTech Recycling offers a truly unique market proposition. I am excited to be working with such a forward-thinking team to drive revenue growth and help establish the Company as a leading force in the sustainable recycling industry. The potential here is enormous, and I look forward to contributing to the next chapter of this exciting journey.”
Marvine Besong, DeepTech’s Managing Director and Chief Technology Officer, said: “Simon’s vast industry network is invaluable as we enter this next phase of growth. He is taking over from Dr. Ilian Iliev, who as Chair helped us redefine our focus and strategy, which culminated in the successful completion of the first phase of a large-scale project with a commercial customer. We are now scaling up our efforts, and Simon’s expertise will play a key role in supporting our commercial ambitions. I would like to extend a warm welcome to Simon from myself and our team.”
Outgoing Chair Dr. Ilian Iliev and CEO of EMV Capital plc, noted “In line with EMV Capital’s Venture Building programme, I joined the company as Chair in its early stages to help the team develop and execute their plan, and mobilise various support resources. As I hand over the role, I am confident that Simon’s expertise and leadership will be invaluable in driving the next phase of the Company’s growth.”
EMV Capital’s investment in the Company was recently recognised with EMV Capital receiving the ‘One to Watch’ Award in the ‘Most Impactful Investment Category’ at the Growth Investor Awards this November. With projects in progress across multiple regions, a growing and highly capable team, and a clear pathway to commercialisation, DeepTech Recycling is poised for continued success as it leads the way toward a more sustainable and circular economy.