An Israeli based company, utilizing IP developed at the Hebrew University of Jerusalem as well as internally developed IP. Technology can convert plastic waste to short hydrocarbon fractions which can be used by the petrochemical industry to create new plastics and alternative fuels
The innovative technology allows low temperature conversion and can address difficult waste streams.
The company is post PoC, has been approved for a highly competitive grant from the Ministry of Energy of Israel, and is seeking matching funds to scale up to a pilot plant.
Process
Advantages
They are able from 1ton of plastic waste produce 750kg end product. technology is based on using a specific solvents in the right time.
Accomplishments
Project has a cooperating with Shell, which buys their „crude oil“ for higher than market prices.
Project cooperates with "eit Climate-KIC" which is EU recognition & acceleration program
Also got scale up grant from Ministry of Energy of Israel.
Project already raised in this round 250k EUR and is looking for 200k more to continue in its roadmap. This round is aimed for moving from laboratory conditions to machine, which will be able to proces 60 kg in each round.
Project is seeking 200.000 EUR investment, at 1.3M EUR pre money valuation. Team is also willing to use a simple SAFE model which might be preferable.
The investment will be used for technology scale up, business development and market penetration, and further IP development.
Investors will find a PichDeck in attachment. In case of interest you can contact Jakub Domitra - domitra@busyman.cz directly.