Circtec

Circtec acquires Granuband creating integrated collection and feedstock supply capability for chemical recycling of end-of-life tyres •Circtec Ltd has acquired Granuband B.V., one of the main end-of-life tyre collection and recycling companies in the Benelux region. The company has been incorporated into the Circtec group. • The Granuband recycling plant in the port of Amsterdam will become the feedstock subsidiary supplying Circtec’s chemical recycling plant under construction at Delfzijl, The Netherlands. • This creates a group value chain for end-of-life tyres that is vertically integrated from collection at the garage, through to supply of recycled chemicals to manufacturers, closing the recycling loop from waste collection through to supply of recycled chemical products. •The Netherlands will have the first European national-scale capability to ensure a fully integrated circularity chain through chemical recycling for its end of-life tyre waste arisings. For more information, please visit: https://lnkd.in/gnj4GvUW

Circtec, Novo Holdings, and A.P. Moller Holding discussing the recently announced investment in Circtec.

Novo Holdings and A.P. Moller Holding invest in Circtec, a leader in pyrolysis for sustainable end-of-life tyre recycling, in a €150 million financing round •Novo Holdings and A.P. Moller Holding have enabled a €150 million fundraise for CIRCTEC by leading with a €75 million equity investment. Financing includes €22.5 million of grants awarded by the Government of the Netherlands. •The funding enables CIRCTEC to construct Europe’s largest end-of-life tyre pyrolysis recycling facility in Delfzijl, the Netherlands. •The construction of the new plant was announced on 17th May at a ceremony attended by offtake parties BP and Birla Carbon and by agencies of the Government of the Netherlands that contributed grant finance - The Netherlands Enterprise Agency (RVO) and Groningen Province. For more information, please visit: https://lnkd.in/g7SDrJqd

Circtec and bp sign eight-year offtake and €12.5M funding agreements, to advance the production of renewable drop in marine fuel and circular naphtha petrochemical feedstock from waste tyres •Circtec and bp have signed an eight-year offtake agreement for Circtec’s proprietary Hevea Upgraded Pyrolysis Advanced (HUPA™) renewable drop-in marine fuel and circular naphtha petrochemical feedstock. • In support of this offtake agreement bp is providing Circtec a €12.5 million debt finance facility to contribute to the capex of Circtec’s new commercial-scale plant expansion in the Netherlands. • Circtec intends for its plant in the Netherlands to be producing 54,000 tonnes per year or more of HUPA™ renewable drop in marine fuel and 15,000 tonnes per year of circular naphtha petrochemical feedstock – making it the largest fully-continuous pyrolysis recycling plant globally, and the only one to produce refined and upgraded renewable drop in marine fuel and circular naphtha petrochemical feedstock from waste tyres. • The agreement makes provision for further offtake opportunities from the global expansion of Circtec’s operations. • Circtec’s HUPA™ renewable drop in marine fuel will help shipping operators meet legal decarbonisation mandates on marine transport under the EU’s FuelEU Maritime Regulation and Renewable Energy Directive. HUPA has 50% biogenic content and its biogenic portion is certified by ISCC as having GHG emissions savings of 87% compared to fossil marine fuel. For more information, please visit: https://lnkd.in/gvgSQ7hs

In May 2021, a significant partnership was formed between Circtec and Birla Carbon to further sustainability efforts. This agreement involves Circtec supplying Birla Carbon with Sustainable Carbonaceous Materials, highlighting a shared commitment to advancing circular product chains and offering sustainable solutions globally. For more information, please visit: https://lnkd.in/g8NAqNYG

Welcome to CIRCTEC on LinkedIn. Since its founding in 2009, CIRCTEC has been at the forefront of sustainability, pioneering the transformation of end-of-life tyres into renewable fuels and circular chemicals. Our commitment to the circular economy drives us to innovate and lead in environmental stewardship. Join us on LinkedIn as we share our journey, achievements, and the impact we're making towards a greener, more sustainable future. Stay connected for insights into our technology, partnerships, and the milestones we achieve together.