Novoloop Says It’s Worked Out How To Upcycle Plastic Waste, Raises $11M Series A
02/14/22, 6:03 PM
Location
Money raised
$11 million
Industry
commerce and shopping
Round Type
series a
Upcycling polyethylene (the normal ubiquitous plastic we are all familiar with) into high-value plastics that can compete with “virgin” plastic (meaning plastics made directly from petro-chemicals) is a fiendish problem to solve. The fact that it’s been extremely hard to do so means billions of tonnes of plastic is never recycled, and it’s out there pouting the planet and our oceans. A new US-based startup, Novoloop, claims to have come up with an answer.
Company Info
Location
menlo park, california, united states
Additional Info
Novoloop is an advanced upcycling company that creates quality chemicals
and materials made from plastic waste through their patented, low-carbon
upcycling technology process ATOD™. With upcycled product Oistre™, Novoloop
provides thermoplastic polyurethane solutions for footwear, sporting goods,
automotive and more.