Halocycle, an innovative tech company in Hull, has been recognised as KPMG’s UK Tech Innovator 2024 for its breakthrough in advanced recycling of PVC and chlorine-containing plastics.
- The company is driven by a mission to reduce plastic waste significantly by creating a circular lifecycle for these materials.
- CEO Dr Henrietta Boyd shared insights on the impact of the KPMG award, international interest, and future plans for Halocycle during a recent interview.
- Her experiences in environmental enterprises underline the company’s commitment to sustainability and ESG criteria at its core.
- Plans are underway to build the first commercial plant in the UK, with possible expansions in Europe to leverage supportive legislative environments.
Halocycle, based in Hull, has gained recognition as KPMG’s UK Tech Innovator 2024 due to its advancement in recycling technologies for PVC and other chlorine-containing plastics. The company aims to tackle the plastic waste issue by promoting a circular lifecycle, thereby reducing the quantity of waste reaching landfills and preventing environmental contamination.
During the Global Tech Innovator event, Halocycle’s CEO, Dr Henrietta Boyd, discussed the advantages of winning the award. She highlighted the exposure it provided, leading to international inquiries, such as from a company in Germany seeking innovative PVC recycling solutions. This visibility might not have been possible without the competition’s platform.
The competition itself was a pivotal learning experience, assisting Halocycle in refining their pitch and gaining constructive feedback. Dr Boyd noted the challenge of encapsulating the essence of their business within a three-minute presentation. This requirement helped sharpen their communication and delivery skills.
Participating in the Global Tech Innovator not only provided media exposure but also offered Halocycle a significant business opportunity. Dr Boyd recounted the experience as professionally managed and rewarding. The global stage presented an invaluable chance to showcase their business, which resonated personally and professionally.
Dr Boyd’s deep-rooted interest in environmental issues stems from her educational background, which continues to drive Halocycle’s core mission of sustainability. ESG principles are fundamental to the company, influencing its strategies and growth, which align with current board-level priorities.
Looking ahead, Halocycle intends to expand by raising funds to establish its first commercial-scale plant on a chemical site in the North of England. Expected to start construction in 2025, the plant is a response to the increasing demand for PVC recycling solutions.
Additionally, Dr Boyd is contemplating the establishment of further plants in Europe, considering the supportive legislative environment there. This expansion strategy reflects Halocycle’s ambition to lead in the recycling sector across borders.
Halocycle stands at the forefront of innovation in plastic recycling, demonstrating a robust commitment to sustainability and global leadership in tackling plastic waste.
