Novo Holdings Denmark United Kingdom Netherlands

Novo Holdings and A.P. Moller Holding back CIRCTEC, a leader in pyrolysis for sustainable end-of-life tyre recycling, in a €150 million financing round

 Novo Holdings and A.P. Moller Holding have enabled a €150 million fundraise for CIRCTEC by leading with a €75 million equity investment. Financing includes €22.5 million of grants awarded by the Government of the Netherlands.The funding enables CIRCTEC to construct Europe's largest end-of-life tyre pyrolysis recycling facility in Delfzijl, the Netherlands.The construction of the new plant was announced on 17th May at a ceremony attended by offtake parties BP and Birla Carbon and by agencies of the Government of the Netherlands that contributed grant finance - The Netherlands Enterprise Agency (RVO) and Groningen Province.View original content:https://www.prnewswire.co.uk/news-releases/novo-holdings-and-ap-moller-holding-back-circtec-a-leader-in-pyrolysis-for-sustainable-end-of-life-tyre-recycling-in-a-150-million-financing-round-302150185.html