Novoloop develops an advanced recycling technology that converts hard-to-recycle mixed plastic waste, including films and flexibles, into high-value chemicals and materials. This process enables the creation of circular plastic products, diverting waste from landfills and reducing reliance on virgin resources.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional recycling methods struggle to process mixed plastic waste, particularly films and flexible packaging, leading to significant landfill accumulation and a reliance on virgin plastic resources. This results in environmental pollution and hinders the development of a circular economy for plastics.
Solution
Nexus Circular employs advanced recycling technology to convert hard-to-recycle plastics, including films and flexible packaging, into high-quality materials. Their proprietary pyrolysis process breaks down used plastics into their original molecular building blocks, which are then transformed into ISCC PLUS certified circular liquid. This circular liquid serves as a direct replacement for fossil-based sources in the production of new, virgin-quality circular plastics, reducing dependence on traditional resources and minimizing environmental impact. The technology accepts used plastic feedstock without costly pre-treatment and operates at commercial scale.
Target Audience
Nexus Circular primarily serves global companies involved in the production of plastic resin for packaging and other industrial applications, as well as sustainability-minded companies and recycling organizations seeking advanced recycling solutions.
Features
- Proprietary pyrolysis process that converts mixed plastic waste into circular liquid
- Accepts a wide range of plastic types, including HDPE, LDPE, PP, and PS
- Produces ISCC PLUS certified materials, ensuring high quality and traceability
- Eliminates the need for costly pre-treatment of used plastic feedstock
- Operates at commercial scale, delivering consistent volumes
- Reduces dependence on fossil-based resources in plastic production
- Minimizes environmental footprint through optimized energy-efficient design