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Financing round secures funds for Europe’s largest ELT pyrolysis plant

Author: Stephen Goodchild Comments: 0
Present at the project launch ceremony for Circtec’s new plant at Delfzijl were (l-r): Henk Emmens, Regional Minister for Economic Affairs; Allen Timpany, Cofounder and CEO, Circtec; Adam Burks, Global COO, Middle Distillates, Heavy Distillates and Marine, BP; John Loudermilk, CEO, Birla Carbon; Robert Harper, Cofounder and Deputy CEO, Circtec (Photo: Novo Holdings)

Circtec, a specialist in pyrolysis technology for sustainable end-of-life tyre recycling, has secured €150 million in a recent financing round. Novo Holdings and A.P. Moller Holding spearheaded this initiative with a €75 million equity investment. The financing also includes €22.5 million in grants awarded by the Government of the Netherlands.

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