StyroPower is a company specializing in the creation and manufacturing of equipment built to solve issues with recycling plastics.
Business Model:
Revenue: $0
Employees: 1-10
Address:
City: Knoxville
State: Tennessee
Zip:
Country: United States
StyroPower is a company specializing in the creation and manufacturing of equipment built to solve issues with recycling plastics, particularly Styrofoam. After two years of development and two prototypes we are at the stage of going into production and have pre-sold units. Expanded Polystyrene (EPS), commonly known as Styrofoam™, is a valuable material in the food service and other industries. Each year tens of millions of tons are used for packaging, storing, and serving. Seventy-six (76) percent of all EPS produced ends up in a landfill. Despite its usefulness, EPS suffers from limited options for recycling. The difficulty in recycling lies mainly in problems with transport of this valuable material. The very characteristic of light weight to volume ratio that makes EPS so useful, is its&s; main drawback for transport to a recycling station. StyroPower solves this problem by densifying the EPS material into a plastic block with a density of greater than 30lbs per cubic foot. The condensed block has a high energy value and can be converted into fuel, used to generate electricity, or remolded into construction material.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 10/2013 | Equity Crowdfunding | - | 10/2013 | Equity Crowdfunding | - |
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