Novoloop has successfully closed its Series B funding round, led by Taranis, raising over $50 million in total. The investment will facilitate the large-scale deployment of its Lifecycling process, which transforms post-consumer polyethylene waste into high-performance polyol and polyurethane. This funding will also enable the launch of key customer programs. Novoloop's recent achievements include operational success at its demonstration facility in India and strategic collaborations in China, positioning the company as a significant player in the sustainable materials space and circular economy.
This round strengthens our ability to meet growing industry demand for circular, cost-effective polyurethanes by scaling up our breakthrough technology.
Taranis is known for its hands-on experience in scaling industrial technologies for hard-to-abate sectors.
Collection
[
|
...
]