April 19, 2024

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Asia 0 comments on Plastic upcycling startup Novoloop raises $10M Series A extension to accelerate commercialization

Plastic upcycling startup Novoloop raises $10M Series A extension to accelerate commercialization

by Kate Park

Novoloop, a plastic upcycling startup, said Wednesday it has raised a $10 million Series A extension round co-led by South Korean chemical firm Hanwha Solutions and Taizo Son’s Mistletoe. This follows a first raise of $11 million in February and brings the Series A to $21 million and its total funding to $24 million. Other […]

Amp+ 0 comments on CEOs at AMP Robotics, Novoloop and Nth Cycle will discuss disrupting recycling at TC Sessions: Climate

CEOs at AMP Robotics, Novoloop and Nth Cycle will discuss disrupting recycling at TC Sessions: Climate

by Alexandra Ames

Recycling is an essential – if not particularly glamorous – part of fighting climate change. It’s no secret that the world has a serious trash problem. The U.S. alone generates 292.4 million tons of trash a year, or 4.9 pounds per person per day. Globally, we produce 380 million tons of plastic annually, half of […]

basf 0 comments on Novoloop says it’s worked out how to upcycle plastic waste, raises $11M Series A

Novoloop says it’s worked out how to upcycle plastic waste, raises $11M Series A

by Mike Butcher

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 […]

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