- Novo Holdings and A.P. Moller Holding led a €150 million funding round for CIRCTEC, including €22.5 million in grants from the Dutch government.
- The facility in Delfzijl will handle 5% of Europe's 3.6 million tons of annual end-of-life tyres.
- CIRCTEC's pyrolysis process produces sustainable marine fuel, circular naphtha, and recovered carbon black.
- The plant's output is fully sold through long-term agreements with BP and Birla Carbon.
Investment and Funding
Novo Holdings and A.P. Moller Holding have led a €150 million funding round for CIRCTEC, contributing €75 million in equity investment. The financing also includes €22.5 million in grants from the Government of the Netherlands.
Facility Construction
The funding will enable CIRCTEC to build Europe’s largest end-of-life tyre pyrolysis recycling facility in Delfzijl, the Netherlands. The construction was announced on 17th May at a ceremony attended by BP, Birla Carbon, and Dutch government agencies.
Environmental Impact
Discarded tyres pose significant environmental risks, with over half of Europe’s tyre waste being incinerated or exported for harmful disposal. CIRCTEC’s new facility aims to address this by processing approximately 5% of Europe’s 3.6 million tons of annual end-of-life tyres.
Pyrolysis Technology
CIRCTEC has developed proprietary pyrolysis technology to decompose old tyres into valuable materials. The process produces sustainable marine fuel, circular naphtha for plastics and chemicals, and high-quality recovered carbon black for use in tyres, rubber, and plastics manufacturing.
Output and Agreements
The entire output of the new Delfzijl plant is pre-sold through long-term agreements with BP for sustainable marine fuel and circular naphtha, and with Birla Carbon for recovered carbon black. The plant is expected to significantly reduce greenhouse gas emissions, equivalent to around 3% of the emissions from the entire Dutch chemical industry sector.
