Circtec: Innovating Pyrolysis Technology for Sustainable Waste Recycling
Circtec, a London, UK-based leader in pyrolysis for sustainable end-of-life tyre recycling, has received a significant boost with €150m in financing. Novo Holdings and A.P. Moller Holding led a €75m equity investment to support the company's growth. Additionally, the Government of the Netherlands awarded Circtec €22.5m in grants to further their mission in recycling waste into renewable fuels and circular chemicals. This financing will allow Circtec to construct a large end-of-life tyre pyrolysis recycling facility in Delfzijl, the Netherlands.
Founded in 2009 by industrial decarbonisation entrepreneurs Allen Timpany and Robert Harper, Circtec has quickly established itself as an innovator in the field of pyrolysis technology.
With a presence across five European countries, the company currently operates two commercial demonstration plants and is in the process of developing a third flagship scale plant in the Netherlands. Circtec's focus on scaling its process for chemical recycling of tyre waste and adapting the technology to other waste feedstocks demonstrates their commitment to sustainability and the circular economy.
Circtec's proprietary production technologies, such as the CIFRTM pyrolysis reactor system, have been successfully scaled to commercial levels. The company supplies renewable fuel and circular chemical products to global multinational industrial partners, showcasing the potential impact of innovative recycling solutions. By utilizing pyrolysis technology, Circtec is paving the way for a more sustainable future by transforming waste materials into valuable resources, contributing to the energy transition and promoting a circular economy.
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