The startup specializes in upcycling hard-to-recycle plastics, such as bags and packaging, into performance materials by chemically transforming post-consumer polyethylene into thermoplastic polyurethane (TPU) building blocks. This process enables brands and manufacturers to achieve sustainability targets while maintaining product quality and reducing their carbon footprint.
Funding
$28.8M 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.
HSMFounders
Product
Problem
The vast majority of polyethylene bags and films end up in landfills or incinerators due to the difficulty and cost associated with traditional recycling methods. This contributes to environmental pollution and the depletion of fossil fuels used to create virgin plastics. Current recycling methods often result in lower-quality materials, limiting their applicability.
Solution
Novoloop addresses this problem with its Lifecycling™ platform, which chemically transforms post-consumer polyethylene waste into virgin-quality thermoplastic polyurethane (TPU). Their Accelerated Thermal Oxidative Decomposition (ATOD) technology breaks down plastics into molecular monomers, which are then purified and synthesized into high-quality polyols, the building blocks of TPU. This process reduces carbon emissions compared to traditional TPU production and enables the creation of circular performance materials. Novoloop also offers a Recycling+™ platform that enhances post-industrial TPU scrap through compounding, creating materials that rival virgin TPU in performance.
Target Audience
Novoloop serves brands and manufacturers seeking sustainable material solutions to meet their environmental targets and reduce their carbon footprint, particularly those in the footwear, bonding solutions, and other performance material industries.
Features
- Lifecycling™ platform converts post-consumer polyethylene waste into virgin-quality TPU via ATOD technology.
- Recycling+™ platform enhances post-industrial TPU scrap, creating high-performance recycled materials.
- Lifecycled™ TPU contains up to 50% post-consumer plastic waste and can be reprocessed for circular design.
- Recycled+™ TPU features 77-96+% post-industrial recycled content.
- Both Lifecycled™ and Recycled+™ TPU are compatible with standard manufacturing processes like injection molding and extrusion.
- Recycled+™ TPU offers retuned properties such as melt strength and tensile modulus.
- Reduces carbon emissions by up to 41% compared to traditional TPU production methods.