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Plastic-recycling Pyrowave wins first place at an international chemistry and new materials contest

Plastic-recycling Pyrowave wins first place at an international chemistry and new materials contest

By on Jun 23, 2017 in news | 0 comments

Montreal, June 20th, 2017 – Pyrowave is proud to announce that it won the first prize at the 6th edition of the IQ-CHem International Chemistry Innovation Competition organized by SIBUR, one of the largest chemical group in Moscow, Russia. In total, 251 teams from 27 countries took part in the international IQ-CHEM contest with applications from Russia, India, Canada, the Netherlands and the United States. The final presentation took place at the Skolkovo Startup Village 2017 and involved a judging panel comprised of directors and executives from companies such as The Dow Chemical Company, Linde, LG, Honeywell UOP, DuPont, 3M, BASF and Sinopec. “We’re very proud to win this award, of course because it rewards the extensive work we’ve put into the project, but also because of the high technical level of the finalists we competed against”, says Jocelyn Doucet, CEO of Pyrowave. “Participating in and winning this competition gives Pyrowave enormous international exposure to key chemical companies that care about environmental sustainability of chemical operations”. «The winner of the IQ-CHem contest was selected as a result of independent evaluation by each member of the jury, which was comprised of representatives from major global corporations. As a result of their independent assessments, the company Pyrowave was selected as the best» said Dmitry Stepkin, Director of Corporate R&D at SIBUR «The jury assessed that the technological solution offered by Pyrowave – of using microwave radiation to deploymerise plastic, using technology that has already been proven in other areas of usage – is an idea with strong market potential», he added. A solution to a worldwide problem The key element that differentiated Pyrowave was the size of the potential market for the technology. Plastic pollution is a central problem and Pyrowave is proposing the first commercial modular technology that consists of small machines using microwave to depolymerize (or deconstruct) the plastic material. “It’s like un-zipping the plastic into their initial constituents with the very targeted action of microwaves so that plastic manufacturers can easily re-zip them into new plastics that can be used in identical applications”, says Jocelyn Doucet. Pyrowave’s process is the first commercial process that can convert polystyrene waste into Recycled Styrene Monomer (RSM) with up to 90% yield...

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Pyrowave receives financial support from Quebec Ministry of Energy and Natural Resources

Pyrowave receives financial support from Quebec Ministry of Energy and Natural Resources

By on Apr 26, 2016 in news | 0 comments

Montréal, April 25th 2016 — The Minister of Energy and Natural Resources and Minister responsible of the “Plan Nord” and Cote-Nord region, Mr. Pierre Arcand, today announced in Montreal, QC, their commitment to $1,089,909 in funding to Pyrowave Inc.,a Montreal-based company, qualified for the Technoclimat Program. “The Pyrowave technology is the first cost effective solution to recycle mixed plastic wastes. Our unique approach uses a local conversion that unzips plastics back to their initial constituents that can later be re-used to make virgin polymers and packaging”, says Jocelyn Doucet, CEO of Pyrowave. “While we have previously proven the technology at large scale, the support of Technoclimat is essential in building our new model machine and proving we can derive a profitable business model from it.” Pyrowave is currently completing the manufacturing of its second commercial prototype that should be operational by the fall of 2016 at its site located in Valleyfield, Quebec. On average, the technology will reduce emissions by 0.43 tons CO2 equivalent per ton of input and generate a net positive value to users. Pyrowave’s patented technology uses microwaves to perform fast de-polymerization of mixed plastics with small-scale modular units capable of treating 400-1,200 tons/year on-site. The equipment converts mixed plastics with or without food contamination into predominantly oil containing valuable waxes and monomers. The products are sold to chemical companies that re-use the monomers and waxes for FDA compliant applications and therefore cost effectively closes the loop of polymers life cycle. About Pyrowave Only 8% of plastics generated today are recycled – yet the costs to haul, store, sort and process plastics are enormous.  Using patented microwave technology, Pyrowave will place small, modular units directly onsite at recycling facilities and at producers of plastic waste. Pyrowave’s technology will enhance the rate and the range of recyclable materials, reduce logistics costs and produce higher value end products from waste plastics – products such as wax, oil and styrene monomer. Pyrowave will have a significant positive benefit environmentally and economically.  Its technology will reduce waste landfilling, waste incineration and waste hauling via a net positive energy process. See www.pyrowave.com.  About Technoclimat The program aims to reduce emissions of greenhouse gases and to encourage the development of new technologies or innovative processes for...

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Pyrowave receives $1M in funding from Sustainable Development Technology Canada (SDTC)

Pyrowave receives $1M in funding from Sustainable Development Technology Canada (SDTC)

By on Mar 7, 2016 in news | 0 comments

TORONTO, ONTARIO and EDMONTON, ALBERTA- The Minister of Innovation, Science and Economic Development, Hon. Navdeep Bains, today announced at an Alberta Enterprise Group Breakfast in Edmonton, Canada their commitment to $206M in funding 36 SDTC projects including $1.032M to Pyrowave Inc. “Sustainable Development Technology Canada (SDTC) is incredibly proud to support Pyrowave” said Leah Lawrence, President and CEO. “Our mission is to help Canadian cleantech entrepreneurs move their ground-breaking technologies to commercialization by bridging the funding gap between research and market entry. This commercial scale demonstration of the Pyrowave machines is the kind of technology that has the potential to generate jobs, growth and export opportunities, and to bring lasting economic, environmental and health benefits to Canadians and the world.” “The Pyrowave technology is the first cost effective solution to address end of life of polymers. Our unique technology recovers monomers and wax that are then re-used to make new polymers and packaging”, says Jocelyn Doucet, CEO of Pyrowave. “The support of SDTC is essential in completing our full scale demonstration and proving that our business model works.” Pyrowave’s patented technology uses microwave heating to perform fast de-polymerization of mixed plastics with small-scale modular units capable of treating 400-1,200 tons/year on-site. The equipment converts mixed plastics with or without food contamination into predominantly oil containing valuable waxes and monomers. The products are sold to chemical companies that re-use the monomers and waxes for FDA compliant applications and therefore cost effectively closes the loop of polymers life cycle. Pyrowave has also obtained the support of Total Petrochemicals & Refining USA, Inc. and Greencentre Canada, both partners in the demonstration...

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Pyrowave receives financial support from Foresight Clean Technology Accelerator and BDC Capital

By on Mar 12, 2015 in news | 0 comments

Two Canadian Cleantech Startups Gain Funding for Transformative Clean Technologies Vancouver, BC – March 10, 2015 – Foresight Clean Technology Accelerator is pleased to announce that it is the first clean technology accelerator in Canada to partner with BDC Capital (BDC), through its convertible note program, which supports promising Canadian startup cleantech companies. “Our first two financings in December 2014, under this BDC Capital program bear witness to cleantech innovation in Western Canada,” said Neil Huff, Managing Director of the Foresight Cleantech Accelerator Centre. “Our first award recipients have not only met BDC and Foresight’s strict investment criteria, but they have identified promising clean energy technologies that have commercial potential and can offer a positive impact to their respective industries and Canada’s environment.” BDC convertible notes, offered to select early-stage companies, provide pre-series ‘A’ financing of $250,000 that can be converted into shares later in the company’s life. To qualify, each company requires a co-investment from angel and/or institutional investors for a minimum total financing of $500,000. The first recipient, Dark Vision, has developed a downhole imaging technology that can reduce cost and minimize the environmental impact of resource development. By enabling improved visualization through wellbore fluids – including bitumen, drilling mud and frack fluids – operators can increase production and reduce total cost of energy. Initial deployments are targeted in 2016. Foresight’s second recipient, Pyrowave, has developed modular units that incorporate a proprietary pyrolysis technology for use by plastic recyclers and plastic waste producers. Through a net positive energy process, these units reduce waste and the impact of incineration while expanding the range of recyclable materials. “As part of our sector diversification effort, we are pleased to work with a strong team at Foresight and provide seed funding for two Canadian companies who have demonstrated entrepreneurial leadership in Energy and Cleantech, said Dominique Bélanger, Vice-President – Strategic Investments & Partnerships at BDC Capital.” By accessing the combined resources of BDC and Foresight, we are confident these companies will create shared value and sustainable economic growth for all shareholders. About Foresight Clean Technology Accelerator Centre Foresight Clean Technology Accelerator Centre is a Vancouver, Canada based not-for-profit devoted to assisting early-stage cleantech innovators with the guidance, training, and funding to...

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