DeepTech Recycling’s chemical recycling approach represents an unaddressed £15bn market for capital equipment. It can provide up to 10% of global polymer demand (delivered by recycling) by 2030.
Soaring plastic production, expected to increase from 368 Mt currently to >1 Bn tonnes pa. by 2050
Low (12%) global recycling rates are creating a major environmental problem with plastic waste
Chemical Recycling is a new circular economy approach to solve this environmental problem
Chemical Recycling expected to cover >30% (~300Mt) of the polymer demand for plastic production by 2050.
Consumer demand, environmental legislation and financial incentives for recycling are driving the need for change
DeepTech Recycling has a solution to the plastic waste problem – a patented technology with 10+ years of structured and accelerated technology development.
Differentiated business model and strategy – with a capital light structure and feedstock / customer focused approach.
Robust technology allows for variation in quality and type of input plastics and access to different market segments.
Technology attracted partnerships from industry experts including Neste and INEOS Styrolution.
Valuable IP with development and operational know-how
DeepTech Recycling is looking to raise up to £3M investment, with a first close of £750k through ASA/CLA.
Building on 10+ years of commercialisation, ~ £45M of investment and a pivot to an asset and capital light strategy.
The funds will be used to relaunch and build a profitable business within the first 24 months, with a target of securing contracts for the first commercial scale project.
Developed pipeline of projects and partners in several market segments.
Strong assets position: patent portfolio, trade secrets / know-how, and ~£6M worth of tangible assets.
|Aim of funding
|HMRC Advanced Assurance received
|Envisaged investor exit