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Recycling
Plastics recycling firm Novoloop raises $11 million
by Alex Scott
February 20, 2022
| A version of this story appeared in
Volume 100, Issue 7
Novoloop has raised $11 million in series A funding to advance its Accelerated Thermal Oxidative Decomposition process for recycling waste plastic. The process breaks down polyethylene from sources like grocery bags and converts it into chemical building blocks that can be made into high-value products. Novoloop claims that the carbon footprint of its first product, a thermoplastic polyurethane, is 46% lower than that of polyurethane derived from fossil fuel.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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