An unconventional approach to plastic recycling
MacroCycle Technologies, a startup founded by Stwart Peña Feliz, is developing an innovative plastic recycling method that consumes 80% less energy than traditional methods. The company aims to become the leading producer of recycled plastics within 10 years.
Stwart Peña Feliz, an MBA graduate, developed a new approach to plastic recycling while at MIT Sloan. He teamed up with Jan-Georg Rosenboom, a postdoc who had created a chemical engineering process to recycle plastic waste. Their company, MacroCycle Technologies, transforms plastic and polyester waste into 'virgin-grade' polyethylene terephthalate (PET). The proprietary method uses 80% less energy than traditional recycling methods. MacroCycle has raised $6.5 million in seed funding and built a 50-liter pilot plant at MIT's incubator. The company plans to produce bottles, garments, and other materials and license its technology worldwide.
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