Cyclize Revolutionizes Chemical Industry with Plasma-Based Recycling
March 10, 2024, 7:35 pm
Cyclize, a ClimateTech startup based in Stuttgart, Germany, recently secured €5M in Seed funding to propel its innovative plasma-based recycling technology. Led by CEO Maike Lambarth, Cyclize aims to defossilize the chemical industry by transforming mixed plastic waste and CO2 into synthesis gas, a key component for producing advanced chemicals, plastics, methanol, hydrogen, and e-fuels. This groundbreaking process replaces fossil resources with waste materials, paving the way for a circular carbon economy and reducing CO2 emissions by hundreds of megatons annually by 2050. With plans to scale its technology on an industrial level and expand its team, Cyclize is poised to revolutionize the chemical industry and drive sustainability forward.