Multi-million funding for Pyrowave’s chemical process

Plastics recycling pioneer Pyrowave is one of 14 Canadian tech companies to benefit from a total of EUR 32 million from a government foundation backing innovative clean technologies. Pyrowave will receive over EUR 3.7 million, according to Navdeep Bains, Canadian minister of innovation, science and economic development. The ‘strategic investment’ comes from Sustainable Development Technology Canada (SDTC) to enhance the company’s chemical plastic-to-plastic recycling process. Pyrowave has developed a cutting-edge technology that regenerates post-consumer plastics by breaking them down at the molecular level. Doing so reduces them to their basic constituents – monomers – which can be used to make new resins said to be identical to virgin plastics.