Poseidon Plastics

Redcar, United Kingdom Founded: 2018 • Age: 8 yrs
Chemical recycling technology for PET plastic waste is developed.
Annual revenue $221,670 Latest available
Total funding $3.5M 4 rounds
Employees 1 Tracked headcount
Investors 1 Known backers
Products 1 Services tracked
Competitors 10 Brand Intelligence

About Poseidon Plastics

Poseidon Plastics is a company based in Redcar (United Kingdom) founded in 2018 by Martin Atkins. Poseidon Plastics has raised $3.52 million across 4 funding rounds from investors including UK Research and Innovation. The company has 1 employees as of December 31, 2023. Poseidon Plastics offers products and services including PET Recycling Technology. Poseidon Plastics operates in a competitive market with competitors including DePoly, Itero, Plastogaz, BlueAlp and Ecoin Energy, among others.

  • Headquarter Redcar, United Kingdom
  • Employees 1 as on 31 Dec, 2023
  • Founders Martin Atkins
  • Sectors
    Environment
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Poseidon Plastics Ltd
  • Date of Incorporation 20 Dec, 2018
  • Jurisdiction REDCAR, UNITED KINGDOM
Operational Areas
Environment → Environmental Management & Pollution Control Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $221.67 K (USD)
    0
    as on Dec 31, 2020
  • Net Profit
    -$1.02 M (USD)
    -120
    as on Dec 31, 2020
  • EBITDA
    -$1.02 M (USD)
    -120
    as on Dec 31, 2020
  • Total Equity Funding
    $3.52 M (USD)

    in 4 rounds

  • Latest Funding Round
    $63.23 K (USD), Seed

    Jun 15, 2023

  • Investors
  • Employee Count
    1

    as on Dec 31, 2023

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Products & Services of Poseidon Plastics

Poseidon Plastics offers a comprehensive portfolio of products and services, including PET Recycling Technology.

Product name locked
Category locked
Primary

Develops technology for efficient chemical recycling of PET plastic waste.

Funding Insights of Poseidon Plastics

Poseidon Plastics has successfully raised a total of $3.52M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $63.23 thousand completed in June 2023. 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 Poseidon Plastics

Poseidon Plastics has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include UK Research and Innovation.

All
Institutional
Investor Description Founded Year Domain Location
Research and innovation funding is managed for UK advancement.
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Investments & Acquisitions by Poseidon Plastics

Investments
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Financial Statements - Poseidon Plastics

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Poseidon Plastics Comparisons

Poseidon Plastics Primary company
Description
Chemical recycling technology for PET plastic waste is devel...
Location
Redcar, United Kingdom
Founded Year
2018
Annual Revenue
$221.67 K (USD)
Net Profit
-$1.02 M (USD)
EBITDA
-$1.02 M (USD)
Employees
1
As of 2023
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Peer comparison for Poseidon Plastics

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Competitors of Poseidon Plastics

Poseidon Plastics 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 DePoly, Itero, Plastogaz, BlueAlp and Ecoin Energy, among others.

Company Name Domain Founded year HQ Location Description
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Unsorted PET waste is recycled into virgin-grade raw materials.
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Plastic waste is converted into petrochemicals via chemical recycling solutions.
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Provider of technology to convert plastic waste into chemicals
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Product oil is manufactured by BlueAlp in the Netherlands.
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Waste plastic is recycled through pyrolysis liquefaction machinery.
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Detailed competitors of Poseidon Plastics

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Latest news on Poseidon Plastics

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Frequently Asked Questions about Poseidon Plastics

Poseidon Plastics was founded in 2018 and raised its 1st funding round 2 years after it was founded.

Poseidon Plastics is headquartered in Redcar, United Kingdom.

Martin Atkins is the current CEO of Poseidon Plastics. They have also founded this company.

Poseidon Plastics is a funded company, having raised a total of $3.52M across 4 funding rounds to date.

As of Dec 31, 2023, the latest employee count at Poseidon Plastics is 1.

Annual revenue of Poseidon Plastics is $221.67K as on Dec 31, 2020.

Poseidon Plastics was founded in 2018 in Redcar, United Kingdom. Operations are centered on the environmental technology sector, with a focus on chemical recycling processes for PET plastic waste. Solutions are developed, commercialized, and delivered to process PET waste and reduce its global volume. This approach provides an alternative to conventional waste management, targeting issues related to single-use plastics in various geographies.

Poseidon Plastics's top competitors include DePoly, Itero and BlueAlp.

Poseidon Plastics offers PET Recycling Technology.

Poseidon Plastics has 1 investor. Key investors include UK Research and Innovation.

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