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Pyrowave and INEOS Styrolution announce strategic partnership to recycle North American post-consumer polystyrene

By on Nov 14, 2017 in news, Sin categoría | 0 comments

Montreal, Quebec, Canada and Aurora, Illinois, USA, November 14, 2017. Pyrowave, a pioneer in Catalytic Microwave Depolymerization of plastics, and INEOS Styrolution America LLC, the American subsidiary of the global leader in styrenics, announce a strategic partnership to support Pyrowave’s North American polystyrene recycling  project. The objective of this project is to demonstrate the recyclability of post-consumer polystyrene packaging using Pyrowave’s innovative Catalytic Microwave Depolymerization (CMD) technology. This consortium project will be represented with various actors from the value chain of the polystyrene industry, and INEOS is the first manufacturer to join the consortium. “We are very excited to collaborate with Pyrowave in this project. At INEOS Styrolution, we are committed to exploring ways towards a circular economy. Polystyrene is a too valuable material to end up in landfills,” said Ricardo Cuetos, VP Standard Products, INEOS Styrolution America LLC. “Pyrowave’s North American project is a significant component in our efforts to recycle polystyrene taking advantage of innovative technologies,” he adds. Pyrowave’s principal advantage is the modularity of its technology, which is intended to be installed and operated in existing sorting facilities, similar to other recycling equipment. Also, its unique microwave technology is the first of its kind at commercial scale and generates particular high yields of monomers with a very low energy consumption. Pyrowave spent three years exploring the technology on post-consumer polystyrene waste, and now, Pyrowave is operating a full scale machine in Montreal, Canada. Pyrowave’s next phase is to deploy units in the field and demonstrate its business model with a strong consortium of industry leaders, representing the value chain. “We are extremely pleased to announce the support of INEOS Styrolution in the project as it shows strong leadership from the polystyrene industry that wants to improve the life cycle of polymer products”, says Jocelyn Doucet, CEO of Pyrowave. “We believe that plastics are meant to stay in our modern world and to continue delivering broad span benefits during their use phase. However, this must include end-of-life-solutions. We believe the future of plastic is circular. Our technology combined with the support of the industry will help improve our world’s resource efficiency for the good of future generations,” adds Jocelyn Doucet.  About Pyrowave Pyrowave is the leader in...

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Plastic-Recycling Pyrowave is Named in the 2017 Global Cleantech 100 Ones to Watch List

Plastic-Recycling Pyrowave is Named in the 2017 Global Cleantech 100 Ones to Watch List

By on Nov 11, 2017 in news, Sin categoría | 0 comments

Montréal, Québec, Canada – November 7, 2017: Pyrowave Inc, a pioneer in plastic recycling using modular microwave technology, today announced it was named in the 2017 Global Cleantech 100 Ones to Watch list, produced by Cleantech Group (CTG).   The GCT100 Ones to Watch list seeks to highlight a group of up-and-coming companies that are catching the eye of leading investors and corporates in the market. The companies made the top 250 in this year’s Global Cleantech 100 program and carry pockets of strong support among the GCT100’s Expert Panel, albeit they did not have quite enough market support to make the 9th edition of the Global Cleantech 100 list itself (which will be published on January 22, 2018). As such, these companies represent this year’s Ones to Watch. “The Global Cleantech 100 program is our annual in-depth research exercise to identify the innovation companies leading players in the market are most excited by right now,” said CTG’s CEO, Richard Youngman. “By the nature of the list, the Ones to Watch truly represent the next cadre of exciting disruptive companies.”   “Plastic waste is becoming a central preoccupation due to its impact on our oceans, land and more importantly on how we use our resources”, said Jocelyn Doucet, CEO of Pyrowave. “This year was a turning point after 8 years of intense development as we gained a lot of attention and visibility internationally with our first commercial scale unit in operation. Being the recipient of the 2017 Cleantech Group Ones-to-Watch is crowning a remarkable year of successes and will help us continue transforming the plastic recycling industry to make our world better.”   This year, a record number of nominations for the annual Global Cleantech 100 list were received: 12,300 distinct companies from 61 countries. These companies were weighted and scored to create a short list of 312 companies, with these nominees reviewed by the 86 members of Cleantech Group’s Expert Panel. The Ones to Watch list, a sister list to the annual Global Cleantech 100 list, is created from the top 250 of the shortlist. To qualify for either list, companies must be independent, for-profit cleantech companies that are not listed on any major stock exchange. The complete list...

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Pyrowave listed in CIX Top 20 most Innovative Companies

Pyrowave listed in CIX Top 20 most Innovative Companies

By on Sep 8, 2017 in news, Sin categoría | 0 comments

TORONTO, ON – Thursday, September 7, 2017 –  Today, CIX (Canadian Innovation Exchange) announced the 20 innovative Canadian technology companies that have been inducted into the annual CIX Top 20 program. These game-changing companies on the rise are chosen by a selection committee made up of technology industry experts and investors from across the country. Hundreds of profiles were submitted this year from all regions of Canada. Companies were chosen based on a number of key factors including product/service offering, depth of management, market opportunity, and business model. “The CIX Top 20 Program had a record number of applications this year, with a high proportion of earlystage companies with less than $100k in revenue,” said Lauren Linton, Executive Director of CIX. “It is exciting to see so many young tech companies with such great potential to contribute to Canada’s success as a global innovation leader.” “Obtaining such recognition from the marketplace in Canada is essential to our future development. The CIX judging committee are certainly aware that our environment is threatened and that transformative technologies like Pyrowave are essential in matching our desire for a more sustainable future”, says Jocelyn Doucet, CEO of Pyrowave. The CEO of each CIX Top 20 company will present at CIX 2017 on Oct 17-18 and share their story and unique innovation to a crowd of over 750 investors and peers in the North American technology     About Canadian Innovation Exchange (CIX) CIX is the “must attend” event for leaders in Canada’s innovation ecosystem. In its 10th year, CIX attracts 750+ technology industry leaders, tech entrepreneurs, investors (VCs, corporates, angels) and advisors from across the Canada and globally. This exclusive event showcases Canada?s most innovative and promising young tech companies and provides the tools for networking, building new relationships and increasing deal flow. CIX facilitates hundreds of new relationships and has fostered hundreds of millions of dollars in transactions. CIX takes place Oct 17-18 2017 at Hilton Toronto. www.cixsummit.com  #CIX2017...

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