July 5, 2017 – Montreal, QC
GreenSky Capital is proud to announce that Pyrowave Inc. won first prize at the 6th edition of the IQ-Chem International Chemistry Innovation Competition organized by SIBUR, one of the largest chemical group in Moscow, Russia. In total, 251 teams from 27 countries took part in the international IQ-CHEM contest which was judged by a panel comprised of directors and executives from companies such as The Dow Chemical Company, Linde, LG, Honeywell UOP, DuPont, 3M, BASF and Sinopec. Pyrowave, which is based out of Montreal, QC and Oakville, ON, raised a seed round through the GreenSky President’s Club in 2015.
For full details, go to http://pyrowave.com/?p=563
Only 8% of plastics generated today are recycled – yet the costs to haul, store, sort and process plastics are enormous. Using patented Catalytic Microwave Depolymerization (CMD), Pyrowave places small, modular units directly onsite at recycling facilities and at producers of plastic waste. Pyrowave has one machine in operation producing the world’s first Recycled Styrene Monomer (RSM) from post-consumer polystyrene waste that is sold to large polymer companies. Pyrowave’s technology enhances the rate and the range of recyclable materials, reduce logistics costs and produce higher value end products from waste plastics – products such as recycled wax, oil and monomers. Pyrowave has a growing impact on the environment by promoting resource efficiency. Its technology will reduce waste landfilling, waste incineration and waste hauling via a net positive energy process.
About GreenSky Capital:
GreenSky Capital Inc. is an award winning Toronto-based firm that provides merchant bank and corporate financial advisory services to small and medium sized technology firms. GreenSky looks for long-term partnerships with high growth potential companies and dedicated entrepreneurs. GreenSky principals bring a unique combination of experience in technology, law and finance into a real-world context. www.greenskycapital.com
About the GreenSky President’s Club:
GreenSky President’s Club (“GPC”) is an angel network designed to provide serious early stage investors with better quality deal flow, preferential pricing and increased probability of a successful exit through experienced, professional management. www.greenskycapital.com/greensky-accelerator-fund/