Xycle, a pioneering startup committed to advancing a circular economy for plastic through chemical recycling technology, announces it has successfully secured financing to fund the construction of its first commercial-scale plant.
The funds secured are a combination of equity investment from a consortium of investors; Dow, ING, Invest-NL (partly covered by InvestEU) and Vopak, and senior debt from Polestar Capital. Xycle will use this funding to support construction of a flagship recycling facility, located in the Port of Rotterdam.
Xycle’s chemical recycling technology uses low-temperature pyrolysis to efficiently break down difficult-to-recycle plastic waste into pyrolysis oil, increasing the liquid fraction available for use as cracker feedstock in new plastic production.
The first commercial-scale plant of Xycle will be able to process 21,000 metric tons of plastic waste annually.
The site is expected to be fully operational by Q4 2026. The modular layout of Xycle’s facilities allows production to scale up or down depending on demand, ensuring both flexibility and efficiency in operations. In the future, Xycle plans to develop more chemical recycling facilities globally, utilizing larger reactor sizes to increase single plant capacity to 100,000 metric tons annually.
