Plastics recycling pioneer Pyrowave is one of 14 Canadian tech companies to benefit from a total of EUR 32 million from a government foundation backing innovative clean technologies.
Pyrowave will receive over EUR 3.7 million, according to Navdeep Bains, Canadian minister of innovation, science and economic development. The ‘strategic investment’ comes from Sustainable Development Technology Canada (SDTC) to enhance the company’s chemical plastic-to-plastic recycling process.
Pyrowave has developed a cutting-edge technology that regenerates post-consumer plastics by breaking them down at the molecular level. Doing so reduces them to their basic constituents – monomers – which can be used to make new resins said to be identical to virgin plastics.
Pyrowave is targeting mixed plastics containing hard-to-recycle plastics such as multi-layer plastic films and flexible packaging.
‘The Federal government has been an early supporter of chemical recycling technology, which has propelled us to achieve success in recycling polystyrene (PS) into new plastic, a breakthrough in the industry,’ says Pyrowave ceo Jocelyn Doucet. ‘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.’
Leah Lawrence, SDTC president and ceo, says ‘Canadian cleantech entrepreneurs are tackling problems across Canada and in every sector. I have never been more positive about the future.’