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Bobine, a French climate tech startup, has raised $14 million to industrialize its electrified plastic recycling technology. Led by Axeleo Capital, the funding will finance an industrial demonstrator with a capacity of one ton per day, to be installed with Michelin in Clermont-Ferrand.

Bobine’s technology, developed from research at CNRS and the University of Strasbourg, aims to convert non-recyclable plastics into valuable olefins, significantly improving conversion yield by 45% and reducing energy consumption by 60%. This funding aligns with Europe’s stricter plastics regulations, emphasizing the need for circular materials and decarbonization in the petrochemical industry.