Startup Of The Week

Startup Of The Week: Cyclize

Cyclize, a spin-off from the University of Stuttgart, has developed a technology to defossilize the chemical industry by using mixed plastic waste and CO2 as raw materials to produce synthesis gas, a fundamental building block for advanced chemicals that is used in making plastics, methanol, foams, adhesives, paints, hydrogen, and e-fuels.

Syngas – a market worth over $60 billion globally – is currently made with fossil resources such as natural gas or coal. Cyclize’s plasma technology allows the reforming of waste plastics into a green type of syngas, a mixture of hydrogen and carbon monoxide, which can ultimately be used to create new products, says CEO and Co-founder Maike Lambarth. This approach has the potential to mitigate CO2 emissions as well as plastic waste pollution, she says, as the plastic used is what is normally burned in incinerators. Depending on the desired product, the company’s process can be carbon negative by using carbon dioxide as feedstock, helping companies reach emission goals.

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About the author

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.