Exclusive: Meta deal will help plastics recycling startup MacroCycle build its first factory
4 Articles
4 Articles
Meta Backs MacroCycle’s First Commercial Plastics Recycling Plant With Carbon Credit Deal
Meta has signed an agreement with plastics recycling startup MacroCycle that will help finance its first commercial plant in the U.S. The deal gives Meta rights to environmental attribute credits tied to emissions avoided through MacroCycle’s recycling process. The Cambridge, Massachusetts-based company says its technology produces recycled plastic with 80% fewer carbon emissions than virgin […]
An agreement with Meta will allow MacroCycle to move towards the construction of its first commercial plastic recycling plant in the United States, while the startup seeks to convert environmental credits into a source of financing. *** MacroCycle states that its process generates 80% less carbon emissions than virgin PET. Meta will pay for the avoided emissions fees and will be able to account for that reduction within its corporate footprint. …
Meta deal will help plastics recycling startup MacroCycle build its first factory
Plastics recycling startup MacroCycle announced a new deal with Meta on Tuesday that will help speed the development of its first commercial plant. Three-year-old MacroCycle, based in Cambridge, Massachusetts, has developed a novel way to process plastic waste that strips it of contaminants,…
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