Cyclion – an Australian climate tech startup – joined the EnergyLab Climate Tech Charge Program in August along with 12 other founders this year, and are going from strength to strength.
Stephen Burns, the Co-Founder of Cyclion says that Cyclion decided to join the EnergyLab program because, “we are passionate about making a positive impact on the environment and sought to connect with ‘the cohort’ - like-minded individuals and organisations to come up with innovative solutions collaboratively. Already we have identified several ways we could work together.”
Prior to joining the program, Cyclion announced the launch of revolutionary technology, which will convert mixed waste materials such as plastics and organic waste into energy via ‘Green Chemistry’. The pioneering technology is turning environmentally destructive waste into energy that reduces the need for fossil fuels, solving the issues of mixed waste management and energy production in one uniquely efficient mechanical model.
The booming waste-to-energy market is expected to surpass $68 billion annually by 2030 and Cyclion is targeting a share of the market after years of research and development to create their innovative technology.
In line with their burgeoning partnerships with universities around Australia, Cyclion has also launched an equity crowdfunding campaign on Birchal. The campaign aims to use the funds raised to build a pilot plant here in Australia, with hopes of taking the technology to South-East Asia, where one-third of the world’s soft plastic waste is stockpiled.
Cyclion’s Founder and CEO, Philip Major, began researching waste-to-energy solutions back in 2014. In recent years, he embarked on new research into nanotechnology and various green catalysts to determine how to convert mixed waste into energy most effectively.
“Recycling has been around for over 50 years, but less than 10% of plastic waste is actually recycled. The current recycling processes require significant mechanical force to sort and pre-treat mixed waste, but Cyclion mitigates this issue by rapidly and efficiently converting waste into energy. It’s the solution our planet has been asking for for decades,” explains Philip.
Aside from their current Birchal campaign, Cyclion is already in discussion with multinational conglomerates in the Philippines about a potential project worth over AU$150 million. In the Philippines alone, more than one-third of the world's plastic waste has been distributed across the country's 7,641 islands. The intention is to start developing a project in Australia with their crowd equity raised funds as the project in the Philippines progresses.
Cyclion continues to foster relationships within the EnergyLab program. Stephen says that EnergyLab has offered excellent guidance in the lead up to the campaign, stating, “their insights and guidance will be invaluable as we scale our own business and navigate the complex landscape of climate innovation'.
Are you interested in being part of an Australian solution to a global problem? If you're interested in investing in an innovative waste-to-energy solution, Cyclion’s crowdfunding campaign on Birchal is live now and open for Expressions of Interest.
Always consider the general CSF risk warning and offer document before investing.
The EnergyLab Climate Tech Charge program onboards new founders monthly.
To apply and learn more about the program visit the Climate Tech Charge webpage.