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EIC Accelerator Check: PRS and Its Welded Plastic Pallet Repairs

October 7, 20261,938 words10 min

Plastic Repair System 2011 SL, which trades as PRS, repairs the plastic pallets, crates, folding boxes and street bins that industry and cities usually throw away once they crack. Its method welds broken parts back together with a plastic thread it formulates and makes itself. The company was one of the winners of the EIC SME Instrument Phase 2, the Horizon 2020 forerunner of the EIC Accelerator, at the 5 June 2019 cut-off, listed under Pamplona in the European Commission's list of selected companies, where PRS is the only company named for the project. The project, also called PRS, received an EU contribution of €1,641,755.15 towards a total cost of €2,345,364.50 and ran from 1 November 2019 to 31 October 2021, according to CORDIS.

Seven years after the award, PRS is active. The Spanish company register, as reproduced by Empresia and Infonif, lists it as trading, with accounts filed in 2025 and its auditor reappointed in January 2025. In April 2026 the company reported the end of a two-year research project on repairing small plastic boxes, funded by the Government of Navarra and the EU's regional development fund, on its news page.

€1.64MEU contribution to the PRS project
€4MEquity round, September 2022
3,129 tPlastic repaired in 2022, company figure
6Repair plants listed in Spain, Mexico and Poland

Company file

Legal entity
Plastic Repair System 2011 SL, NIF B71076822, Registro Mercantil de Navarra
Incorporated
11 November 2011
Registered address
Avenida Sancho el Fuerte 53, Pamplona
Main plant
Polígono Comarca I, Orkoien (Orcoyen), Navarra; earlier Tajonar
Leadership
Alfredo Neila (chief executive, co-managing director with Toni Astibia in 2023); founder Miguel Díaz Castillo
Investors
Impact Partners, Easo Ventures (board seat)
Share capital
€2,352,242.89 since September 2022
EIC project
PRS, CORDIS 880032, June 2019 cut-off, grant only
EIC Fund
Not in the portfolio

Welding Instead of Shredding

Plastic pallets and crates that circulate between factories, bottlers and supermarkets are built to be reused for five to ten years, but once one breaks it is usually recycled, burned or landfilled, the company wrote in its 2018 Phase 1 proposal. PRS heat-welds the damaged area with high-density virgin plastic thread and reinforces weak points. It says independent laboratories certified that a repaired item recovers 100% of its function and at least 98% of its original strength, and that a repair costs less than a third of a new item; those claims appear in both CORDIS project summaries and in a 2020 WIPO case study, but the laboratory reports themselves are not public.

The difference from the established alternative, mechanical recycling, is that the item keeps its shape and does not need to be melted and moulded again. The thread carries particles that only show under ultraviolet or infrared light, so a buyer can check whether a crate has been repaired. That feature is protected by US patent US11059245, assigned to the company with a 2016 priority date and granted in July 2021. The WIPO case study lists an earlier Spanish patent, a utility model, a European patent and two international applications.

What the EIC Project Promised and What CORDIS Shows

The Phase 2 proposal promised to complete the technical solution and find partners for international expansion, building on tests with six multinational companies during Phase 1, a €50,000 study that ran from February to July 2018 according to CORDIS. The grant agreement was signed on 29 October 2019 and the project ended on its scheduled date. One subsidiary, Plastic Repair Service Zona Norte SL, took part as a linked third party with €95,375 of the EU money.

The final periodic report lists six results: tested automation for damage classification, quality inspection, pallet dismantling and layer-pad repair; an in-house production line for an improved thread with RFID traceability; three new subsidiaries in Térmens (Lleida), Benifaió (Valencia) and Puebla (Mexico) between 2019 and 2021; customer service procedures with ISO 9001 and 14001 audits; two new patent applications; and an updated business plan with an investor dossier. A CORDIS results article from March 2022 adds that two automatic welding machines with machine vision were built during the trials, and that PRS planned new workshops in Portugal and the United Kingdom that year and ISO 22000 food safety certification.

  1. Automated repair machinesDeliveredTwo welding machines reported by CORDIS; European patent EP4282634 for an automatic plastic sheet repair machine, priority January 2021, granted October 2024.
  2. Own thread production and traceabilityCompany-reportedThread line and RFID pilot described only in the company's own CORDIS report.
  3. Two new patent applicationsOne foundThe EP4282634 family (ES, EP, US, PL, MX) dates from the project; a second filing could not be identified.
  4. Partner network and new plantsDeliveredTérmens, Benifaió and Puebla during the project; Poland and a second Mexican plant later.
  5. New financingDelivered€4M round in September 2022.
  6. Workshops in Portugal and the UK, 2022Not achievedNeither country appears among the company's sites in 2026; no opening was announced.
  7. ISO 22000 certificationUnverifiedThe company site names ISO 14067, not ISO 22000.

Money, Plants and People Since 2021

In September 2022 PRS closed a €4 million round led by Impact Partners, with its existing investor Easo Ventures, to expand abroad and automate further, according to the company and Invest in Navarra. At the time it had four repair plants, three in Spain and one in Mexico, and more than 65 employees. The register shows a matching capital increase of €490,812.19 plus €54,535, entered on 14 September 2022, which took share capital to €2,352,242.89, and the creation of two share classes, according to Empresia.

For 2022 the company reported repairing 236,493 plastic items weighing 3,129.36 tonnes, 14% more than in 2021, and announced plants in Poland and Mexico for 2023, in a release also reported by Invest in Navarra. The Mexican plant opened in Saltillo in October 2024 with an investment of €500,000 and 50 jobs, according to Vanguardia and Players of Life. The company's own announcement put the investment at 10 million Mexican pesos. Its contact page today lists the second Mexican site as "PRS México Monclova" at an address in Frontera, Coahuila, not in Saltillo; the reason for the difference is not public. The Polish plant, in Kamionka Mała, appears on the same page and is mentioned by Vanguardia, but its opening date could not be verified.

Named customers differ by source: Vanguardia cites Magna, Adient, Ball and Arca, Players of Life cites Lear and Magna. Neither the size of those contracts nor group revenue is public. Empresia puts the parent company's annual turnover above €2.5 million and lists 11 employees, against the more than 65 the company reported for the group in 2022; Infonif masks its staff figure. Detailed accounts sit behind paid registers and could not be checked.

Four subsidiaries wound up

In March 2025 the register recorded the voluntary dissolution and extinction of four regional subsidiaries, Plastic Repair Service Zona Centro, Zona Noreste, Zona Noroeste and Zona Sur, each with turnover below €500,000, with founder Miguel Díaz Castillo as liquidator, according to Empresia and Infonif. Zona Norte and Zona Levante remain active. The company has not explained the change, so whether it was a tidy-up of shell companies or a retreat from regions cannot be said.

The expansion plans voiced in October 2024 also remain open. At the Saltillo opening the company said plants in Italy and Turkey would open before the end of 2024, with India, the Bajío and north-west Mexico to follow, according to Vanguardia and Players of Life. In October 2026 the company's sites are still in Spain, Mexico and Poland only. PRS is not listed among the roughly 315 companies in the EIC Fund portfolio, which is consistent with a grant-only award. CORDIS lists no EU project for the company beyond its two SME Instrument grants.

Where It Fits in EU Policy

Reuse of transport packaging is now written into EU law. The Packaging and Packaging Waste Regulation sets binding reuse targets for 2030 that cover transport packaging, 40% for transport and sales packaging, with indicative targets for 2040, according to the European Parliament's Legislative Observatory and Baker McKenzie. More pallets and crates kept in reuse pools means more breakages to fix, which is the market PRS serves, and every repaired crate is one that does not have to be moulded from new polymer.

What the company said

In 2018 a repair saved "at least 0.89 Kg CO2 per Kg"; by 2021 it was 3.71 kg; in 2020 repairs polluted 218 times less than recycling; since 2022 the claim is 311 times less, certified to ISO 14067.

What the record shows

The carbon figure grew fourfold between two CORDIS reports without a published method. The underlying DNV verification and laboratory reports are not public, so the number cannot be checked.

The Verdict

A repair business that grew

PRS used its EU grant for what it said it would: machines, patents, new plants and a funding round. It is still trading and repairs thousands of tonnes of plastic a year by its own count. Its plants now sit in three countries; the openings it announced for Portugal, the UK, Italy and Turkey have not followed, and four Spanish subsidiaries have been closed.

Neither PRS nor the EIC was asked for comment for this article. It is based on public records and published statements, linked throughout.

Industry

Climate and environmentRecycling

Focus
  • Plastic recycling
Technologies
  • Plastic welding
Keywords
  • Plastic pallets
  • Returnable packaging
  • Circular economy
  • Crates

Start with the EIC Accelerator

Expert review for Step 1 and Step 2, suitability assessment and grant screening.

Eureka Network

Eureka Network offers multiple international collaborative R&D programs including Network Projects, Clusters, Eurostars, Globalstars, and Innowwide, with funding ranging from €50K to €6.75M per project depending on the specific program. The network focuses on market-driven innovation and deep-tech development across diverse technology sectors including ICT/Digital, Industrial/Manufacturing, Bio/Medical Technologies, Energy/Environment, Quantum, AI, and Circular Economy. Applicants include SMEs, large enterprises, research organizations, universities, and startups, with Eurostars specifically targeting R&D-performing SMEs.

EIC Transition

EIC Transition provides up to €2.5 million in funding to bridge the 'valley of death' between laboratory research and market deployment, focusing on technology maturation and validation. The program supports single legal entities or small consortia of 2-5 partners including SMEs, start-ups, spin-offs, and research organizations. Technology areas include Health/Medical Technologies, Green/Environmental Innovation, Digital/Microelectronics, Quantum Technologies, and AI/Robotics.

EIC STEP Scale-Up

EIC STEP Scale-Up offers substantial equity investments of €10-30 million for established deep-tech companies ready for hyper-growth and large-scale expansion. The program targets SMEs or small mid-caps with up to 499 employees who have secured pre-commitment from qualified investors. Focus areas include Digital & Deep Tech (Semiconductors, AI, Quantum), Clean Technologies for Net-Zero goals, and Biotechnologies.

EIC Pre-Accelerator

EIC Pre-Accelerator is a pilot program providing €300,000-€500,000 in funding for early-stage deep-tech development and preparation for the EIC Accelerator program. The initiative is exclusively available to single SMEs or small mid-caps from 'Widening countries' to support regional innovation development. The program covers deep-tech innovations across physical, biological, and digital domains.

EIC Advanced Innovation Challenges

EIC Advanced Innovation Challenges is a new pilot program offering €300,000 (Stage 1) and up to €2.5 million (Stage 2) for breakthrough deep-tech solutions through ARPA-style staged funding with demand-side integration. The program targets single entities or small consortia (2-3 partners) including SMEs, start-ups, and research organizations. Focus areas include Physical AI for autonomous robotics and New Approach Methodologies (NAMs) for animal-free biomedical testing, requiring TRL 4 entry with end-user commitment.

EIC Pathfinder

EIC Pathfinder offers up to €3 million for Open calls and up to €4 million for Challenge-based calls to support early-stage research and development with proof-of-principle validation. The program requires research consortia with a minimum of 3 partners from 3 different countries, including universities, research organizations, and SMEs. Technology focus areas include Health/Medical, Quantum Technologies, AI, Environmental/Energy, and Advanced Materials.

EIC Accelerator

EIC Accelerator provides flexible funding options including blended finance (€2.5M grant + €0.5M-€10M equity), grant-only (up to €2.5M), or equity-only arrangements for scale-up and market deployment of breakthrough innovations. The program targets SMEs, start-ups, and small mid-caps with up to 499 employees, with MedTech/Healthcare representing 35% of funded projects. Other technology areas include Biopharma, Energy, AI, Quantum, Aerospace, Advanced Materials, and Semiconductors.

Innovation Partnership

Innovation Partnership facilitates collaborative innovation between public and private sectors with typical funding of €1-5 million per project. The program supports cross-sectoral strategic technologies through public-private partnerships and consortia. Projects focus on addressing societal challenges through collaborative innovation approaches.

Innovation Fund

The EU Innovation Fund provides substantial funding of €7.5 million to €300 million for large-scale demonstration of innovative low-carbon technologies. The program targets clean energy, carbon capture, renewable energy, and energy storage technologies to accelerate the transition to a low-carbon economy. Applicants include large companies, consortia, and public entities capable of implementing large-scale demonstration projects.

Innovate UK

Innovate UK offers various programs with funding ranging from £25K to £10M depending on the specific initiative, supporting business-led innovation, collaborative R&D, and knowledge transfer. The organization funds projects across all sectors with particular focus on emerging technologies and supports UK-based businesses, research organizations, and universities. Programs are designed to drive economic growth through innovation and technology commercialization.

Industrial Partnership

Industrial Partnership provides €2-10 million in funding for industrial research and innovation partnerships focusing on manufacturing, industrial technologies, and digital transformation. The program supports industrial consortia and research organizations in developing collaborative solutions for industrial challenges. Projects aim to strengthen European industrial competitiveness through strategic partnerships.

Eurostars

Eurostars is a joint EU-Eureka program offering €50K-€500K for international R&D collaboration specifically led by SMEs. The program takes a bottom-up approach, accepting projects from all technology fields without predefined thematic restrictions. R&D-performing SMEs must lead the consortium and demonstrate significant R&D activities.

LIFE Programme

The LIFE Programme provides €1-10 million in funding for environmental protection, climate action, and nature conservation projects across the European Union. The program supports environmental technologies, climate adaptation strategies, and biodiversity conservation initiatives. Applicants include public authorities, private companies, NGOs, and research institutions working on environmental and climate challenges.

Neotec

Neotec is a Spanish program offering €250K-€1M in funding for technology-based business creation and development, supporting the growth of innovative Spanish SMEs and start-ups. The program covers all technology sectors and aims to strengthen Spain's technology ecosystem. Funding is specifically targeted at Spanish technology-based SMEs and start-ups to enhance their competitiveness and market presence.

Thematic Priorities

EU Thematic Priorities encompass various programs aligned with EU strategic priorities including green transition, digital transformation, health, and security initiatives. Funding amounts vary based on the specific program and call requirements, with projects designed to address key European challenges. Applicant eligibility varies by specific program and call, with different requirements for different thematic areas.
EIC AcceleratorBeneficiary Deep Dive#PRS#Plastic Repair System#plastic pallets#returnable packaging#circular economy#Spain
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