The startup specializes in a technology that sorts plastic waste and converts non-recyclable fractions into liquid chemicals, which can replace fossil-based feedstock. This process diverts plastic waste from incineration, significantly reducing carbon dioxide emissions and promoting a circular economy.
Funding
$420K 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 majority of plastic waste is either incinerated, leading to significant carbon dioxide emissions, or disposed of in landfills, contributing to environmental pollution. Current mechanical recycling methods are limited in the types of plastic they can process, leaving a large fraction of plastic waste unrecyclable. This reliance on incineration and landfills perpetuates a linear economy and dependence on fossil-based resources for new plastic production.
Solution
SemperCycle provides a technology for sorting plastic waste and converting non-recyclable fractions into a liquid chemical product. This liquid can then be used as a direct replacement for fossil-based feedstock in the production of new plastics, enabling a circular economy. The technology utilizes a high-temperature chemical conversion process powered by renewable electricity, resulting in very low carbon emissions. By processing a wider range of plastic waste types than traditional mechanical recycling, SemperCycle diverts waste from incineration and reduces the need for virgin fossil resources.
Target Audience
The primary target audience includes plastic producers seeking sustainable feedstock alternatives and waste management companies looking for advanced recycling solutions.
Features
- High-temperature chemical conversion process for plastic waste recycling
- Capability to process most types of plastic waste, expanding beyond what mechanical recycling can handle
- Production of a liquid chemical product suitable as a 1:1 replacement for fossil-based chemicals
- Powered by renewable electricity, minimizing carbon emissions
- Complements existing mechanical recycling solutions for comprehensive waste management