Pyrowave to receive CA$3.2 million from the Sustainable Development Technology Canada Funding to advance plastic circularity

Pyrowave to receive CA$3.2 million from the Sustainable Development Technology Canada Funding to advance plastic circularity

January 20, 2020
Press Release: Pyrowave

Pyrowave’s technology emits three times less greenhouse gas emissions to produce polystyrene from recycled material than from virgin fossil material and consumes 15 times less energy

Last week, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced that Pyrowave will be one of 14 clean-tech companies across Canada that will leverage CA$46 million in funding from the Sustainable Development Technology Canada (SDTC) to bring new and innovative clean technologies to market.

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 CA$3.2 million to extend its technology platform of chemical plastic-to-plastic recycling to mix plastics, a strategic investment for the Canadian company.

Pyrowave provides a groundbreaking technology that regenerates post-consumer plastics by breaking them down at the molecular level, reducing them to their basic constituents – the monomers – which can be used to make new plastic resins identical to virgin plastics and restore their full value.

“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 (plastic #6) into new plastic, a breakthrough in the industry,” said 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,” Doucet added. “Thus, targeting mix plastic bale containing hard-to-recycle plastics such as multilayer plastic films and flexible packaging, enabling to transform waste into high-value products in a circular value chain.”

“Canadian clean-tech entrepreneurs are tackling problems across Canada and in every sector,” said Leah Lawrence, president and CEO, SDTC. “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 to meet an important global challenge.”

The CA$3.2 million awarded to Pyrowave will be used to create a dedicated Research & Development unit of three PhD engineers allowing the company to continue to innovate towards a circular economy solution to meet the global challenge of plastic recycling.

Molecular recycling allows an infinite recycling of numerous plastics as it brings plastics back to their native, virgin-like state. Molecular recycling gives access to the same markets as the virgin resins, in doing so creating a new generation of plastics.

Plastic Free World Conference & Expo 2020 will take place at Cologne Messe, Germany, on Tuesday 16 June and Wednesday 17 June. To register for this highly focused, solutions-driven event, please click here. For sponsorship and exhibition opportunities, please email peter@trans-globalevents.com

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