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Poseidon Plastics
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Short description

Developer of plastic-to-plastic conversion process which converts PET to BHET, which can be used in new PET

Founded in 2018
Founded in

Company type Private Public ()
Company type

Industry Group waste & recycling

Sector waste management

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters United Kingdom Redcar, United Kingdom
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Updated by Cleantech Group on 10/27/2021

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Date Company
Partnerships
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Date Partner Type
11/19/2019
DuPont Teijin Films DuPont Teijin Films
Poseidon Plastics signed an agreement with DuPont Teijin Films to jointly develop Poseidon’s polyester recycling technology
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Confirmed by DuPont Teijin Films
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IPO INFORMATION

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Description

Date Investors Type Amount
10/16/2020 UK Research and Innovation UK Research and Innovation (1)
Post-money valuation of
Funding to help construct a 15,000 tonnes per year PET plastics recycling facility to chemically recycle plastic waste back into new consumer goods. £20 million of funding is intended to be split between four organizations. Value amount is an estimation.
Project Finance $6,805,000
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