## Polystyvert Aims for Global Expansion with Innovative Recycling Technology
Montreal-based cleantech company Polystyvert is making waves in the global recycling landscape. Led by President and CEO Nathalie Morin, the company is launching a strategic European tour, connecting with key partners and investors to accelerate its growth strategy. This initiative aims to introduce Polystyvert’s innovative dissolution-based recycling process to key players within the value chain, emphasizing the potential for integrating purified recycled resin into manufacturing processes.
Focusing on a Circular Economy for Styrenic Plastics
Polystyvert’s technology specifically addresses the recycling challenges posed by styrenic plastics, including polystyrene and ABS, often deemed difficult to recycle due to contaminants. The company’s approach offers a unique solution by effectively removing flame retardants, a critical factor recognized by the Basel Convention. These efforts are garnering significant attention, attracting interest from sectors like automotive, electronics, packaging, pharmaceuticals, and toy manufacturing, all seeking to reduce their environmental footprint.
Securing Investment for a Sustainable Future
This European tour will also focus on attracting investors to support the construction of Polystyvert’s first commercial plant in Montreal, Quebec. This facility will have the capacity to process an impressive 11,000 tonnes of polystyrene waste annually. A consortium has been formed to optimize polystyrene waste management throughout the logistics chain, from collection to recycling, significantly reducing the amount of waste destined for landfills and incineration.
Leading the Way in Sustainable Solutions
Polystyvert’s commitment to a circular economy is evident in its ambitious goals. As Nathalie Morin states, “Polystyvert is actively commercializing its advanced dissolution technology. We see tremendous opportunities for partners seeking to become sustainability leaders in their respective industries, as well as for investors looking for mature solutions. Our patented portfolio of applications in innovative plastic waste recycling is ready to be deployed today, with strong short-term growth potential.”
Reaching Milestones with ABS Resin Recycling
Polystyvert’s dedication to innovation is further highlighted by a recent milestone achieved in its ABS recycling pilot project. This technology, which utilizes a dissolution process for ABS – a thermoformed plastic used in various applications, including automotive, electronics, and toys – has proven its ability to produce recycled resin meeting industry specifications. This achievement has been validated through rigorous analysis conducted by a renowned international ABS producer.
Navigating Challenges to Achieve Global Impact
Despite Polystyvert’s groundbreaking technological advancements, the company recognizes the challenges ahead. The next few months will be critical in solidifying its leadership position. “The economic climate poses challenges for all cleantech companies. A first commercial plant is essential to demonstrate the technology at scale. It’s our springboard for selling licenses internationally. That’s why we are calling on the governments of Quebec and Canada to continue their support for this final stage, to ensure the ownership of the company remains in Quebec and Canada, and to position us as a leading innovator in the fight against plastic waste and the decarbonization of industry,” emphasized Morin.
Building Momentum with Upcoming Initiatives
In the coming weeks, Polystyvert will showcase its dissolution technology at four prestigious conferences in Europe and the United States. The company is also undergoing a brand re-imagining process to reflect the expansion of its technology to other plastics and strengthen its market positioning. Furthermore, in response to the growing demand for certified food-grade recycled plastic, Polystyvert is actively pursuing FDA approval, which will allow the integration of recycled materials into the food packaging supply chain.
Polystyvert’s Commitment to a Sustainable Future
Founded in 2011, Polystyvert is a Montreal-based cleantech company dedicated to revolutionizing plastic recycling and building a truly circular economy. The company’s unique low-temperature, low-pressure dissolution and purification process enables the recycling and purification of plastic waste typically deemed unrecyclable due to contamination. The result is a high-purity recycled raw material that can replace virgin plastics while reducing greenhouse gas emissions by up to 90%, providing an economically viable solution for a wide range of industries.
Polystyvert offers the shortest recycling loop for polystyrene and ABS, serving industries such as packaging, construction, electronics, automotive, and toys. The technology is protected by over 40 patents in 17 countries.
