About Plastic Energy
Plastic Energy is a company based in London (United Kingdom) founded in 2017. Plastic Energy has raised $167.71 million across 2 funding rounds from investors including Axens, Sealed Air and M&G. Plastic Energy offers products and services including TACOIL and Recycling Technology. Plastic Energy operates in a competitive market with competitors including APK, Banyan Nation, Dalmia Polypro Industries, Jeplan and Srichakra Polyplast, among others.
- Headquarter London, United Kingdom
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Sectors
Environment
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Email
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Phone
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Website
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Social
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- Legal Name Plastic Energy Limited
- Date of Incorporation 18 Dec, 2015
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$4.95 M (USD)69as on Dec 31, 2023
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Net Profit
-$32.09 M (USD)-9as on Dec 31, 2023
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EBITDA
-$33.29 M (USD)-9as on Dec 31, 2023
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Total Equity Funding
$167.71 M (USD)
in 2 rounds
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Latest Funding Round
$167.71 M (USD), Series A
Nov 08, 2021
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Investors
Axens
& 3 more
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Employee Count
Not available
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Products & Services of Plastic Energy
Plastic Energy offers a comprehensive portfolio of products and services, including TACOIL and Recycling Technology.
Feedstock from recycled plastics for new production, reducing waste.
Advanced method to convert plastic waste into hydrocarbon vapours.
People of Plastic Energy
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Funding Insights of Plastic Energy
Plastic Energy has successfully raised a total of $167.71M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $167.71 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Plastic Energy
Plastic Energy has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Axens, Sealed Air and M&G.
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LetterOne is engaged in long-term investments across key sectors.
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Diversified asset management firm and private fund focused on debt and equity investments in climate startups, real estate, and multiple sectors
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Integrated solutions are provided for energy transition and chemical processing.
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Investor details for Plastic Energy
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Investments & Acquisitions by Plastic Energy
Investment portfolio details for Plastic Energy
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Financial Statements - Plastic Energy
Detailed financials for Plastic Energy
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Plastic Energy Comparisons
Peer comparison for Plastic Energy
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Competitors of Plastic Energy
Plastic Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as APK, Banyan Nation, Dalmia Polypro Industries, Jeplan and Srichakra Polyplast, among others.
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Provider of plastic recycling solutions
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Post-consumer and industrial plastics are recycled into comparable granules.
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Provider of recycled plastic flakes and granules from post-consumer waste. It sources waste from various points in the supply chain, including waste pickers and municipalities. The company processes this waste to produce high-quality recycled PET and polyolefin products for use in various industries, including fashion, consumer packaging, and material handling. It also assists companies in meeting their extended producer responsibility (EPR) obligations. The process aims to maximize the value of collected plastic waste and promote a circular economy.
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Waste plastic is processed into recyclable materials via advanced technology.
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End-to-end plastic recycling and waste management solutions are provided.
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Producer of waste polyethylene terephthalate (PET) plastics and polyester fibers
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Detailed competitors of Plastic Energy
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Latest news on Plastic Energy
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Frequently Asked Questions about Plastic Energy
Plastic Energy was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Plastic Energy is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Plastic Energy is a funded company, having raised a total of $167.71M across 2 funding rounds to date.
Annual revenue of Plastic Energy is $4.95M as on Dec 31, 2023.
Plastic Energy was founded in 2017 and is based in London, United Kingdom. Operations focus on the recycling sector, where end-of-life plastic waste is processed through a patented thermal anaerobic conversion technology. In this method, plastic is heated without oxygen to generate saturated hydrocarbon vapors, which are then distilled into naphtha, diesel, synthetic oils, and food-grade plastic materials.
Plastic Energy's top competitors include APK, Srichakra Polyplast and Banyan Nation.
Plastic Energy offers TACOIL and Recycling Technology.
Plastic Energy has 4 investors. Key investors include Axens, Sealed Air, M&G, and LetterOne.