The startup has developed a proprietary technology that transforms plastic waste into reusable raw materials through advanced recycling processes. This technology mitigates the global plastic waste crisis by enabling industries to repurpose materials multiple times, promoting sustainability and resource efficiency.
Funding
$15.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The linear economy of plastic waste leads to significant environmental damage, with the majority of plastic ending up in landfills, being incinerated, or polluting ecosystems. Traditional recycling methods often fail to address the growing volume of plastic waste, especially hard-to-recycle plastics like films and post-industrial materials. Existing binding agents like Urea Formaldehyde (UF) used in wood-based products contribute to carbon emissions and pose health risks due to off-gassing.
Solution
NILO provides a technology that transforms plastic waste into reusable, low-energy binding agents, offering a sustainable alternative to Urea Formaldehyde (UF). NILO's patented process converts non-recyclable plastics into industrial binders that can be used in the manufacture of wood-based products such as particle board, MDF, OSB, and plywood. The resulting products are safer and more environmentally friendly, with the potential for repurposing and integration into a circular economy. NILO's binders enable the creation of wood fibreboards that can be reground as feedstock for new board production, minimizing waste and promoting resource efficiency.
Target Audience
The primary target audience includes manufacturers of wood-based products seeking sustainable and safer alternatives to traditional binding agents, as well as industries generating plastic waste looking for repurposing solutions.
Features
- Patented technology converts plastic waste into industrial binders/adhesives.
- Utilizes plastic waste that is not usually recycled, such as plastic film and post-industrial waste.
- Binders can replace Urea Formaldehyde (UF) in wood-based products.
- The process is clean, safe, and energy-efficient.
- Resulting particle board can be reground as feedstock for new board production.
- Low carbon emission process.