PORTFOLIO

Glass fibre reinforced plastic (GFRP) is becoming a worldwide pollution problem. In 2021, 2.4 million tonnes of GFRP waste was produced with 98% ending up in landfill. Meanwhile, 9 million tonnes of new GFRP was produced. For example, GFRP fueled a boating boom, but now dumped and ageing craft are breaking up, releasing toxins and microplastics across the world and wind turbine blades can't be recycled so they are piling up in landfills. At Composite Recycling, we close the loop on GFRPs by recycling them into reusable glass fibres and pyrolysis oil, which can be sold and used to make new composites and plastics. Our proprietary mobile recycling units are energy neutral, using the reaction to self-power. This allows us to sell the reclaimed materials at market value for a profit.

Within the Innobooster scope, Composite Recycling is working to industrialize a post treatment process which was developed at lab scale at EPFL. This includes process development taking into consideration both cost and the LCA, minimizing environmental impact. The Innobooster funding will fund the research and development of the glass fibre post processing to bring the lab scale demonstration to a demonstrator/industrial scale.
Since beginning the Innobooster, Composite Recycling has entered an industrial partnership with the Chomarat Group which is developing several glass fibre textile products for market using CR glass fibres. CR has also officially closed its first fundraising round, having raised ~3 Million CHF in dilutive and non-dilutive funding led by 2 large industrial strategic investors.