The Canadian government has announced that Pyrowave will be one of 14 cleantech companies across Canada who will leverage funding from Sustainable Development Technology Canada (SDTC) to bring innovative clean technologies to market.
Pyrowave
Canada invests in Pyrowave cleantech
The SDTC supports Canadian companies with the potential to become world leaders in their efforts to develop and demonstrate new environmental technologies that address climate change, clean air, clean water and clean soil.
Pyrowave has been granted CAD$3.2m (~€2.2m) to extend its technology platform of chemical plastic-to-plastic recycling to mix plastics.
Pyrowave provides a groundbreaking technology that regenerates post-consumer plastics by breaking them down at the molecular level, reducing them to their monomers, which can be used to make new plastic resins identical to virgin plastics. Pyrowave aims to lead the way to a true circular economy of plastics and is at the forefront of the new generation of plastics.
Pyrowave CEO Jocelyn Doucet said: “The Federal government has been an early supporter of our innovative plastic-to-plastic microwave-based chemical recycling technology, which has propelled us to achieve success in polystyrene recycling into new plastic, a breakthrough in the industry. Today, we are thrilled to see this commitment renewed to further develop our unique technology platform to provide a one-stop shop for PP, PE and PS recycling.”
SDTC CEO Leah Lawrence added: “Canadian cleantech entrepreneurs are tackling problems across Canada and in every sector. I have never been more positive about the future. Pyrowave is a pioneer in the plastics-to-plastics microwave recycling business. Their technology uses microwaves to convert plastics into value-added products used by the chemical industry – a true example of a circular economy solution.”
Pyrowave’s technology emits three times less GHG emissions to produce polystyrene from recycled material than from virgin fossil materia,l and consumes 15 times less energy.
The funding will be used to create a research and development unit.
