DeepTech Recycling

We are heading to the Recycling Expo next week at Excel London where we’ll be showcasing our innovative technology that transforms hard-to-recycle plastic waste into high-value, on demand products. Join us at Area T40, meet our team and learn how we are helping our customers achieve their recycling and circular economy ambitions. Managing Director Marvine Besong will be joining a panel to discuss the role of chemical recycling for plastics at the show, details below: Date: Tuesday, 15 October Time: 14.00 – 14.30pm Stage: Recycling & Waste Management Stage To learn more about DeepTech Recycling click here: https://lnkd.in/d3cKp_ge Thank you to The Recycling Association for helping to bring the industry together. To give some context, London alone aims to save 126,000 tonnes of Co2 per year by 2025 through waste reduction and recycling initiatives, and with countless other towns and cities across the UK set to follow suit, the Recycling Expo 2024 is an important hub for start thinking about how we reach those targets in real terms. To read more about the expo click here: https://lnkd.in/ehvergRt

We are delighted to be nominated by ICIS for the 2024 Innovation Awards by an SME. Thank you ICIS for the nomination!!

Marvine Besong, Managing Director and CTO of DeepTech Recycling, talked with Proactive about the company's recent fundraising efforts and future strategy as it continues to gain traction. Besong highlighted the company’s strategic shift towards providing technology solutions rather than owning and operating recycling plants. This capital-light strategy focuses on licensing technology to other companies, such as packaging producers, to help them meet their extended producer responsibility (EPR) commitments. The recent funds will support ongoing customer projects and the establishment of critical facilities. Watch the full interview now 👇 #plasticrecycling #plasticwaste #chemicalrecycling #circulareconomy

DeepTech Recycling is delighted to announce it has secured £0.8m in new funding, allowing the company to advance its mission of making plastic sustainable and supporting the critical global drive towards a circular economy for plastics. The fundraising follows a first closing of c.£1.3m that was completed in December 2023, bringing the total amount raised to c.£2.1m. The funding will support DeepTech Recycling's development phase for its pilot plant, as well as the development and adaption of its targeted technology and licensing strategy. The company believes it has a strong position in a massive market, amidst a growing recognition that chemical recycling is going to be an essential route for dealing with the environmental challenges of plastic waste and ensuring sustainable and circular polymer production. Marvine Besong, Managing Director and CTO of DeepTech Recycling, said: “NetScientific PLC and EMV Capital have provided a unique support package, helping our team to restart and accelerate progress with DeepTech Recycling, and to access a supportive investor base that is committed to ESG and real impact in the plastic waste management space. Only 1.5 years since the start of the company, we are now poised to take on exciting projects in the UK and internationally, driving sustainability in plastics and transforming waste into high-value resources. The future looks promising for DeepTech Recycling.” #plasticrecycling #plasticwaste #chemicalrecycling #circulareconomy

We are delighted to be recognised as a finalist at the Enterprise Investment Scheme Association (EISA) Awards 2024 for our impactful work with DeepTech Recycling. Our portfolio company DeepTech Recycling was born out of a global environmental crisis caused by insufficient and unsustainable management of plastic waste. The company’s mission is to make plastic sustainable and support the critical global drive towards a circular economy for plastics. #eis #plasticrecycling #plasticwaste #sustainability #impactinvesting

DeepTech Recycling Managing Director and CTO Marvine Besong speaks to Thomas Warner from Proactive about the company's groundbreaking work in plastic recycling. Recently, DeepTech Recycling secured £1 million in funding, led by EMV Capital , which Besong says will be used to consolidate the assets acquired from Recycling Technologies in December 2022 and to develop and commercialise their technology. This includes setting up a new operating base with labs and bench scale facilities. Watch the full interview below ⬇ #plasticrecycling #plasticwaste #chemicalrecycling #deeptech

DeepTech Recycling is pleased to announce a first investment of £1 million in funding, allowing the company to advance its strategy to deploy solutions to solve the global environmental crises caused by insufficient and unsustainable management of plastic waste. DeepTech Recycling has a patented technology platform which converts hard-to-recycle plastic waste into high-value, on demand products. The funding will support DeepTech Recycling in its commercialisation of the technology through partnerships with corporate players in the plastic waste and industrials space. The deal was led by the deep tech venture capital firm EMV Capital , a wholly owned subsidiary of NetScientific PLC. Marvine Besong, Managing Director and CTO of DeepTech Recycling, said: "This investment represents a significant vote of confidence in our mission to transform non-recyclable plastic waste into high value oil products, a process that is a key lever in achieving substantial reductions in plastic waste disposal and greenhouse gas emissions. The oil products generated can be used by the petrochemical industry as the feedstock for producing virgin-quality plastics, further re-enforcing our passionate support for the drive towards a circular economy.'' #vcinvestment #plasticrecycling #plasticwaste #chemicalrecycling #deeptech