Pyrowave named a 2021 BloombergNEF Pioneer

Pyrowave named a 2021 BloombergNEF Pioneer
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Quebec-based Pyrowave has announced that it is one of the 12 winners of the 2021 BloombergNEF (BNEF) Pioneers award. Pyrowave launched in 2014 to focus on recycling plastic scrap using a catalytic microwave depolymerization technology. The technology aims to generate recycled styrene from plastics found in packaging, insulation panels and household appliances. Pyrowave says its technology enables recycling of plastic scrap by using electricity.

The BNEF Pioneers program launched more than a decade ago to recognize early-stage companies that are pursuing low-carbon opportunities. The program recognizes companies that address one of several challenges: managing and optimizing long-haul freight; advancing materials and techniques for sustainable products; and monitoring and understanding the changing planet.

According to a news release on the award, Pyrowave was recognized for its advancement of materials and techniques for sustainable products. The company is using microwave technology to supply the chemical industry with recycled raw materials that are drop-in substitutes for virgin chemicals.

“This year we selected three specific areas—heavy-duty transport, materials and the climate—where BNEF believes technology must play an important role in decarbonization,” says Claire Curry, selection committee co-chair and head of digital industry research at London-based BloombergNEF. “For the last decade, the BNEF Pioneers award has been essential in highlighting exciting innovations in solar, wind, storage, smart grid and electric vehicles, to name a few. By focusing on specific themes each year where technology innovation is sorely needed, we hope that the competition will continue to shine a light on important, pioneering innovations.”

“At Pyrowave we believe the future will be electric and that electricity will power a broad range of innovations serving circular economy and sustainable materials. We pioneered the development of the most advanced industrial microwave-based platform applied to circular economy of plastics enabling closed-loop low-carbon plastics. BNEF’s recognition highlights Pyrowave’s vision and hard work in developing a ground-breaking technology, enabling new possibilities in addressing a growing global issue,” says Jocelyn Doucet, CEO of Pyrowave.

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Source: Recycling Today
Pyrowave named a 2021 BloombergNEF Pioneer
<![CDATA[Quebec-based Pyrowave has announced that it is one of the 12 winners of the 2021 BloombergNEF (BNEF) Pioneers award. Pyrowave launched in 2014 to focus on recycling plastic scrap using a catalytic microwave depolymerization technology. The technology aims to generate recycled styrene from plastics found in packaging, insulation panels and household appliances. Pyrowave says its technology enables recycling of plastic scrap by using electricity.The BNEF Pioneers program launched more than a decade ago to recognize early-stage companies that are pursuing low-carbon opportunities. The program recognizes companies that address one of several challenges: managing and optimizing long-haul freight; advancing materials and techniques for sustainable products; and monitoring and understanding the changing planet.According to a news release on the award, Pyrowave was recognized for its advancement of materials and techniques for sustainable products. The company is using microwave technology to supply the chemical industry with recycled raw materials that are drop-in substitutes for virgin chemicals. “This year we selected three specific areas—heavy-duty transport, materials and the climate—where BNEF believes technology must play an important role in decarbonization,” says Claire Curry, selection committee co-chair and head of digital industry research at London-based BloombergNEF. “For the last decade, the BNEF Pioneers award has been…