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.
Read more at https://www.circtec.com/news-and-media/.
