Ichthion Limited (former Remora Marine), is a start-up developing cutting-edge technologies to restore the ocean environment by removing plastics and synthetic waste before they travel through the entire marine ecosystem. 

The Problem

Humans have produced approximately 8.3 billion tonnes of plastic to date, though only 9% of this has been recycled. Through this voracious appetite for plastic and the resulting uncontrolled waste stream, an estimated 150 million tonnes of plastic has contaminated ocean ecosystems, with a further 12 million tonnes entering the marine environment per year.

The Solution

Ichthion, a multi-award winning company born out of the laboratories of Imperial College London, seeks to overcome the limitations of existing technologies by delivering the first truly scalable solutions to reduce the flow of plastics into the world’s oceans, proposing energy-generative systems that uniquely can installed in rivers, coastal areas and the oceans

The Market

1

The total addressable market (TAM) is estimated at £280,840,000 in 2018 with a rate of increment of 15% until 2025

2

Served available market (SAM) at 95% for our model Azure, based on conservative calculations of plastic mass input of the most polluted rivers, and the potential cost of plastic upcycled after recovery.

3

Our technologies will enable the installation of recycling plants in developing economies, where at the moment, it is not financially viable. The return of investment (ROI) of the installation and operation of Azure technologies and recycling plants is 3 years.

Supported by: