PLASTCIRCULAR leverages AI-powered systems to transform plastic waste into renewable raw materials — advancing the circular economy and minimizing environmental impact.
The NOVUS Fund, created in partnership with Banco Português de Fomento, has invested in PlastCircular , a Portuguese company founded in 2023, dedicated to transforming plastic waste into renewable raw materials, promoting the circular economy and reducing environmental impact.
The company is developing a facility in Sines with the capacity to process up to 40,000 tons of plastic per year, producing pyrolytic oils for various industries.
PlastCircular leverages innovative and patented technologies, supported by an experienced team, to upcycle plastic waste and create carbon-neutral or negative raw materials.
With a vision to lead the circular economy market in Portugal, PlastCircular is committed to building a more sustainable future while upholding transparency, innovation, and social responsibility as core values.
This investment falls within the scope of the VENTURE CAPITAL programme by Banco Português de Fomento, designed to foster the growth of companies with scalable business models and strong sector potential. Under the NOVUS Fund, this objective is pursued through investments in technology-driven solutions that make use of Artificial Intelligence.
