Xycle Secures Investment to Scale Plastic Recycling Operations
Deal News | Mar 10, 2025 | Invest-NL
Invest-NL, alongside ING, Dow, Polestar Capital, and Vopak, is investing in Xycle, a company focused on innovative chemical recycling of plastics. The funding will enable Xycle to establish its first commercial factory in the port of Rotterdam, where it will process 21,000 tons of plastic waste annually into pyrolysis oil, a renewable alternative to fossil raw materials. This investment, partly covered by an Invest-EU guarantee, underscores Xycle's pivotal role in the circular plastics economy, augmenting mechanical recycling by converting difficult-to-recycle plastic waste into valuable raw materials. Invest-NL is contributing €10 million, recognizing Xycle's potential to significantly advance the circular economy and sustainable plastics industry in the Netherlands.
Sectors
- Chemical Recycling
- Circular Economy
- Plastics Manufacturing
- Sustainable Investments
Geography
- Netherlands – The new Xycle plant will be built in Rotterdam, Netherlands, and Invest-NL is a Dutch investment firm. The geographic focus is on enhancing the local circular economy.
Industry
- Chemical Recycling – The article focuses on Xycle's innovation in chemical recycling of plastics, which is a pivotal technology in converting hard-to-recycle waste into usable raw materials.
- Circular Economy – The article illustrates efforts to enhance the circular economy through sustainable recycling practices, as seen in Xycle's new plant development.
- Plastics Manufacturing – Plastics manufacturing is relevant due to the conversion of pyrolysis oil into new plastics, marking a significant step towards sustainable materials.
- Sustainable Investments – Invest-NL's participation showcases a financial commitment towards environmentally sustainable projects, emphasizing the role of sustainable investments.
Financials
- €10 million – The amount Invest-NL committed to invest in Xycle to support its chemical recycling technology and facility development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Invest-NL | Investor | Company | A Dutch investment firm focused on financing innovations for a sustainable economy. |
| Xycle | Target Company | Company | An innovative company in the chemical recycling of plastics aiming to convert plastic waste into valuable raw materials. |
| ING | Investor | Company | A global financial institution involved as a co-investor in the funding for Xycle. |
| Dow | Investor | Company | A major chemical company contributing to the investment in Xycle's recycling technology. |
| Polestar Capital | Investor | Company | An investment firm participating in the financial backing of Xycle. |
| Vopak | Investor | Company | A logistics company in the field of oil and gas, also partaking as an investor in Xycle. |
| Lars Groenveld | Senior Investment Manager | People | The contact person for Invest-NL, providing insights into the investment. |