CIRCTEC raises €150 million led by Novo Holdings and A.P. Moller Holding to build Europe's largest end-of-life tyre pyrolysis recycling facility
CIRCTEC raises €150 million led by Novo Holdings and A.P. Moller Holding to build Europe's largest end-of-life tyre pyrolysis recycling facility
05/21/24, 6:08 AM
Location
copenhagenMoney raised
€150 million
Industry
renewable energy
manufacturing
Investors
A.P. Moller Holding, Novo Holdings
CIRCTEC, a leader in pyrolysis for sustainable end-of-life tyre recycling, has raised €150 million in a financing round led by Novo Holdings and A.P. Moller Holding. The funding will be used to construct Europe's largest end-of-life tyre pyrolysis recycling facility in Delfzijl, the Netherlands, to tackle approximately 5% of the 3.6 million tons of end-of-life tyres generated in Europe annually.
Company Info
Location
copenhagen, capital region of denmark, denmark
Additional Info
CIRCTEC stands as a pivotal partner in sustainability, utilizing advanced technology to transform end-of-life tyres into sustainable drop-in fuels and circular chemicals, aimed at reducing the environmental footprint of industries seeking circular solutions.