Novoloop is making tons of upcycled plastic

There is a plastic recycling problem. Only about 9% reused from plastic and a most These waste comes from single-use items such as plastic food bags. It’s a fragmented design problem – designed to jump. However, the reuse of such films is not easy, and the results are generally not excellent.

Novoloop It says that it develops a way to take these problem plastics and transform other companies to something they really want to buy.

Recently, the beginning of the California, continuously upgraded upgrades, ended up a test run of a demonstration plant. The plant, thermoplastic polyurethane (TPU), is able to throw a theroplastic polyurethane (TPU) to 70 metric tons that can be used in everything from shoes to car seats. Requirements have been strong enough to have the company prepared for a larger device.

“We sold. Every time we will make something,” Miranda Wang, co-founder, co-founder and CEO of Novoloop, Techcrunch.

In the heels of demo production, Novoloop, the design of the first commercial scale plant, increased a number of $ 2,1 million to start construction. The new tour was led by Taranis, the investment fund belonging to the oil and gas company in Valo Ventures and the store.

The company has not been selected for a trading plant, but is built together with a chemical plant that can be additional land and utilities. Another company, Novolooop, which provides the process and marketing, can have the device that provides a Nou-Hau device and can operate.

“Sometimes it is difficult to come across growth opportunities,” Wang said. “This is a way for you to learn the opportunity to grow the opportunity to learn a completely different market, which is a completely different market that needs to sell anything for the opportunity, marketing and sales and technology.”

Earlier Novoloop grew up $ 21 million in aAt the point of processing the shoe manufacturer who helps the company, processed its rising material to the point where he uses CloudPrime Sports.

The upgrade material called the starting material called LifeCycle TPU (thermoplastic polyurethane) is made by splinting polyethylene plastic into the main building blocks called monomers. From there, new polymers synthesize new polymers than primary polyethylene. The resulting material is a virgin, but more expensive than “in the range”.

Wang added that Novoloop’s experience with TPU has taken a mechanically to another in the TPU’s factory floors and “performance amplifiers” to add “performance amplifiers” to add “performance amplifiers”.

When it comes to time to set up a demonstration plant, Novoloop came out of an unit in the United States, but soon, the Aether did not plant only pilot plants, but the pilots plant. “They have only one bunch of pilot plants.”

Aether’s experience with small-scale chemical production plants – combined with the ability to recycle equipment – OMA and Running Novoloops plant will cost ten times less than the construction of a small facility in the United States

“It’s an environment where we are not here,” Wang said.