Who we are
New Plastic Cycle (GmbH & Co. KG) was founded to secure financing of a new pilot system based on the technology developed to date. The first recycling system using this technology was to be built with the help of a fund, the Öko-Energie-Umweltfonds 1. The project has been developed since 2009 and the design continually adapted to the latest findings. Despite quite positive basic feedback we were unable to implement the project lacking capital. The market environment and the private interest in investing in ecological innovations was already less at that time compared to when implementation began due to the global financial crisis and has become even more difficult for new projects due to the insolvent wind power company Prokon. The negative image of investments in the eco-energy sector fuelled by the media has made it quite difficult for the fund; talks with bigger investors were generally positive, but international prospects wanted and still want an operative state of the art pilot system. This resulted in the decision to take another route with respect to company law and financing to make the technology attractive to worldwide prospects. Hence, NPC is raising funds for a pilot system. This will allow a system to be built for all current and additional prospects to demonstrate the functionality of the current technology. It will also support engineers and developers of this technology and all those recycling plastic waste. Again and again, advocates and prospects state they will be happy to contribute to environmental protection. But in the first step they don’t want to or aren’t able to make large or small investments until the pilot system has also demonstrated an economical functionality. Our logical conclusion is therefore to restructure. This also follows the advice of some experts from the environmental sector and financing the pilot system allows us to demonstrate the profitability with the advanced activity. This phase, crucial to implementing the project, is best realised through crowdfunding.
NPC is not a start-up but a corporation which has been successively pushing on its innovative recycling technology project through its affiliated company. The first phase from 2009 to 2015 was marked by developing the project and the approval procedure related to the Syntrol technology pyrolysis process itself. This was based on the results available from the first two-reactor pilot system which we already started building in 2005. The planned project itself was for an optimised 3 reactor system effectively offering ecological and - unlike the two reactor system- economic operation. Project planning has been completed and state approval was issued in 2013. In 2015 we tried to obtain the lacking capital through environmentally oriented private and public large-scale investors. We also attended venture capital congresses in the USA to get investors into the project. We were able to enter into first talks with prospects, which also included noted investors. But additional talks (committing to support us immediately) require an industrial size three-reactor pilot system - both in the USA as well as worldwide. We were unable to realise an initial offer to build a system in Texas since implementing it to US standards is so expensive; investors decided to wait for the pilot system to be demonstrated in Germany.
The other benefit of a pilot system in Germany financed through crowdfunding is that it will result in a group of well-heeled investors acquiring the exclusive right, making it difficult for third parties to then also implement the technology atlow cost. This is also in the interest of NPC and its financiers.
The second phase, which is starting now, is characterised by financing a pilot system for this recycling technology. The fully designed 3-reactor system along with the state approval are an excellent start. After this phase, NPC will be able to start worldwide planning and sale of the recycling technology and its production plant. So the goal of economic success with an ecologically recognised, beneficial recycling technology is within reach. Only an economically successful technology allows the ecologically based idea to contribute to reducing plastic waste worldwide.