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Poseidon Plastics logo — Bringing an end to single use plastic.

Poseidon Plastics

Bringing an end to single use plastic.

Founded 2018 United Kingdom Redcar, United Kingdom 3 employees Grant Total: $2.60M Manufacturing, Sustainability

General Information

Company Name Poseidon Plastics
Founded Year 2018
Location United Kingdom Redcar, United Kingdom
Employees 3
Industries Manufacturing, Sustainability
Funding Stage Grant
Social

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About Poseidon Plastics

Poseidon Plastics is a UK-based startup on a mission to bring an end to single-use plastic. Founded in 2018, the company has developed an innovative PET recycling process that breaks down colored and opaque waste PET into its base chemical building block. This block is then purified to create a proprietary feedstock called Poseidon rBHET©, which is further remanufactured into virgin-like erPET©. In 2021, Poseidon embarked on a significant journey by entering an RTO process with Curzon Energy Plc, a company listed on the Main Market of the London Stock Exchange, with the transaction expected to complete early in 2022. Notably, Poseidon has made strides in the investment realm, securing a £2.60M grant investment on 16 October 2020 from UK Research and Innovation. Additionally, the company has garnered attention by becoming the first European plastic recycling company to receive Green Bond pre-issuance certification under the global Climate Bonds Standard. Overall, Poseidon Plastics stands out in the manufacturing and sustainability industries, showcasing potential for both environmental impact and financial growth.

Business keywords: plastic waste solution, PET recycling, RTO process, London Stock Exchange, Curzon Energy, Green Bond certification, EU recycler, enhanced recycling platform, innovation, climate change, waste management, green technology

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Grant £2.60M 1
UK Research and Innovation
UK Research and Innovation
16 Oct 2020

Poseidon Plastics Alternatives & Competitors

View All Alternatives
Poseidon Plastics vs
Tridi Oasis
Tridi Oasis Indonesia

Turning problems into opportunities

Grant
18 employees
Manufacturing, Sustainability
Poseidon Plastics vs
Green Care Enviro Tech
Green Care Enviro Tech

Innovative pyrolysis technology converting end-of-life tires and unrecyclable plastics into high-gra...

Private Equity
7 employees
Industrial, Manufacturing
Poseidon Plastics vs
Sorema div. of Previero N. srl
Sorema div. of Previero N. srl Italy

Plastics Recycling Systems

19 employees
Automation, Manufacturing
View all alternatives

FAQ About Poseidon Plastics

Bringing an end to single use plastic.
Poseidon Plastics was founded in 2018.
Poseidon Plastics is headquartered in Redcar, United Kingdom.
Poseidon Plastics operates in Manufacturing and Sustainability. Its work centres on plastic waste solution, PET recycling, RTO process and London Stock Exchange.
Poseidon Plastics has approximately 3 employees.
Poseidon Plastics has completed 1 funding round, raising a total of $2.60M. The latest funding stage is Grant.
Top alternatives and competitors to Poseidon Plastics include Tridi Oasis, Green Care Enviro Tech, Sorema div. of Previero N. srl, ByFusion, BlueAlp. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Poseidon Plastics and Tridi Oasis are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Poseidon Plastics, https://bouncewatch.com/company/poseidon-plastics, updated 25 November 2024. When citing, please name BounceWatch and link this page.

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