CIRCTEC
Assembly Line
CIRCTEC secures €150M to construct Europe’s largest end-of-life tyre pyrolysis recycling facility in the Netherlands
CIRCTEC, a company specialising in pyrolysis for sustainable end-of-life tyre recycling, announced that it has secured €150M in a fresh financing round co-led by Novo Holdings and A.P. Moller Holding. The funding includes a €75M equity investment from Novo Holdings and A.P. Moller Holding, along with €22.5M in grants awarded by the Government of the Netherlands.
The capital will enable CIRCTEC to establish Europe’s largest end-of-life tyre pyrolysis recycling facility in Delfzijl, the Netherlands. Once operational at full capacity, the facility will be capable of processing approximately 5 per cent of the 3.6M tons of end-of-life tyres generated annually in Europe.