Canada · Chemicals startup

Denovia

Denovia is a Canadian technology company dedicated to upcycling plastic waste through its innovative molecular recycling process.

Funding reportedLast round: Undisclosed round

ChemicalsLondon, Canada

About Denovia

Denovia is a Canadian technology company dedicated to upcycling plastic waste through its innovative molecular recycling process.

The company specializes in a proprietary chemical depolymerization method that transforms plastic waste, particularly PET and polyester, into high-purity monomers. These monomers can be reused to create new plastic products, supporting a circular economy by reducing the need for fossil-fuel-based plastic production. Denovia offers deployable plastic upcycling systems and collaborates with industrial partners, municipalities, and waste-management companies to commercialize its recycling technology. The company emphasizes its ability to handle hard-to-recycle plastics and textile blends, converting them into reusable chemical building blocks. Denovia's technology includes specialized machinery, such as the "PL-2" and a "1000L depolymerization machine." The company actively engages in raising awareness and building relationships through demos, investor updates, and media coverage.

What company datasets say Denovia raised

Funding, as reported

Reported in all40Min the source's currency
Rounds1
Last roundUndisclosed round
Last round size40M
Last round dateJul 2024
Investors listed1

The company, in detail

What they build

Known for

manufacturingplastic waste recyclingtextile/polyester blend recyclingwaste managementcircular materialsenvironmental servicessustainabilitychemical building blocksmechanical or industrial engineeringpolyamide depolymerizationpetrosourced alternativesplastic sortingchemical manufacturingchemicalsindustrial partnershipsenvironmental impact

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Sector
Chemicals
Industry code
NAICS 32521, 325199, 562920, SIC 2899, 2821, 4953
Region
Ontario
Full record
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Chemicals in Canada

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