Bengaluru, Jan. 20 -- In a significant boost to India's circular economy efforts, deep-tech start-up PolyCycl has secured Series A funding from Rainmatter, the climate and sustainability investment initiative of Zerodha, to scale its chemical recycling technology for hard-to-recycle plastics.
The funding will be used to accelerate commercial deployment of PolyCycl's proprietary process, which converts low-grade and contaminated plastic waste into purified hydrocarbon oils that can be reused as circular feedstocks by the petrochemical and manufacturing industries.
Plastics commonly used in everyday life, such as grocery bags, packaging films, shampoo bottles and food containers, are manufactured from hydrocarbons extracted from crude oil. ...