Xycle, a Rotterdam-based chemical recycling firm, has garnered funding from a consortium including Dow and ING to build a flagship recycling facility in the Port of Rotterdam. This facility will utilize advanced low-temperature pyrolysis technology to convert difficult-to-recycle plastics into pyrolysis oil, facilitating the production of new plastics. The investment underscores the importance of addressing plastic waste through innovative recycling techniques, with Dow committed to purchasing the recycled materials for creating high-quality circular plastics, reflecting a growing commitment to sustainability in the industry.
"We are thrilled to announce this strategic investment in Xycle which marks another pivotal step towards our goal to transform the waste. The performance and efficiency of Xycle's technology strongly complement our increasingly diverse global portfolio of recycling solutions."
"We believe that the robust financial backing and credibility of our investment partners demonstrates the strength of the opportunity at hand to scale advanced recycling technologies; to address the plastic waste challenge and meet growing customer demand for circular products."
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