23
May
UK recycling startup CIRCTEC has raised €150 million to construct Europe’s largest end-of-life tyre pyrolysis recycling facility in Delfzijl, the Netherlands. The funds include a €75 million equity investment led by Novo Holdings and A.P. Moller Holding and €22.5 million of grants awarded by the Government of the Netherlands. Discarded tyres pose significant environmental and health risks, accumulating in landfills, and polluting ecosystems with toxic substances. CIRCTEC has developed a proprietary technology for decomposing old tyres through pyrolysis (a process that transforms waste into valuable circular materials through thermal decomposition in an oxygen-free environment), and for upgrading the products to…