Plastic Energy
Financials
Estimates*
| GBP | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|
| Revenues | <1m | - | <1m | 4.2m | 4.7m | 2.5m |
| % growth | - | - | - | 326 % | 12 % | (47 %) |
| Profit | (<1m) | (1.5m) | (1.7m) | (2.4m) | (4.3m) | (11.0m) |
| % profit margin | (1936 %) | - | (172 %) | (58 %) | (93 %) | (442 %) |
| Date | Investors | Amount | Round |
|---|---|---|---|
* | N/A | Support Program | |
N/A | Growth Equity VC | ||
* | €145m | Growth Equity VC | |
| Total Funding | $160m | ||
Recent News about Plastic Energy
EditPlastic Energy is a pioneering company in the field of advanced recycling, specializing in converting previously unrecyclable plastic waste into valuable resources. Operating in the global market, Plastic Energy serves industries looking for sustainable solutions to plastic pollution. The company employs a unique, patented process known as Thermal Anaerobic Conversion (TAC) to transform end-of-life plastic waste into TACOIL, an optimal feedstock for producing clean recycled plastics or alternative low-carbon fuels. Plastic Energy owns and operates two chemical recycling plants in Seville and Almeria, Spain, which have been operational since 2014 and 2017, respectively. The business model revolves around providing an environmentally friendly and profitable alternative to incineration and landfill, thus contributing to a circular economy for plastics. Revenue is generated through the sale of TACOIL and other recycled products to manufacturers and industries committed to sustainability.
Keywords: chemical recycling, Thermal Anaerobic Conversion, TACOIL, end-of-life plastics, circular economy, sustainable solutions, plastic pollution, low-carbon fuels, Seville, Almeria.