CIRCTEC

What CIRCTEC does

CIRCTEC is a UK-headquartered pyrolysis technology company founded in 2009 that converts end-of-life tyres into sustainable fuels and circular chemicals. Its proprietary CIFR™ pyrolysis reactor thermally decomposes waste tyres to produce three commercial output streams: HUPA™ sustainable drop-in marine fuel, circular naphtha petrochemical feedstock, and recovered carbon black (rCB). The process is powered off the gases it generates and integrated with renewable energy, with multi-stage emissions control designed to run far below conventional plants' emission levels.

The company operates as a B2B industrial supplier selling through long-term offtake and supply agreements rather than spot markets. Its primary commercial anchors are an eight-year offtake with bp (April 2024, €12.5M) for HUPA™ marine fuel and circular naphtha, and a long-term rCB supply agreement with Birla Carbon (May 2021), whose Trecate, Italy facility processes the feedstock into Continua™ SCM for global rubber and plastics customers. The June 2024 acquisition of Granuband B.V. integrated upstream end-of-life tyre collection in the Benelux region into the group.

CIRCTEC runs a 5-country European footprint (UK HQ with affiliates in the Netherlands, Germany, and Poland, plus the Granuband operation). Its Delfzijl, Netherlands facility is Europe's largest chemical tyre recycling plant: Phase 1 opened in January 2026 at 50,000 tonnes/year, with Phase 2 under construction to reach 200,000 tonnes/year (approximately 6% of Europe's waste-tyre stream). The group employs 51-100 staff and is privately held, having raised a €150M financing round in May 2024 led by Novo Holdings and A.P. Moller Holding, supplemented by €22.5M in Dutch government grants.

Name

CIRCTEC

Legal name

Circtec Ltd

Website

https://circtec.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

CIRCTEC is a UK-headquartered pyrolysis technology company founded in 2009 that converts end-of-life tyres into HUPA™ sustainable marine fuel, circular naphtha, and recovered carbon black, supplying global chemical, petrochemical, and energy majors including bp and Birla Carbon under long-term offtakes from its Delfzijl facility.

Ownership category

akta.pro rank

Product category

Chemical Recycling and Circular Fuels

NAICS

Petroleum Refineries (32411), Petrochemical Manufacturing (32511), Basic Chemical Manufacturing (3251)

SIC

Chemicals & Allied Products (2800), Petroleum Refining (2911)

akta.pro primary industry

Tire Recycling & Processing (Shredding, TDF, Pyrolysis Feedstock) (IMANAMAF)

akta.pro secondary industry

Tire Recycling, Disposal & Sustainability Services (TLAKADAI)

Keywords

• Tyre pyrolysis recycling
• Circular chemicals production
• Sustainable marine fuel
• Recovered carbon black
• Waste-to-fuel technology

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Technology or R&D, Operations, Personnel, Supply Chain

Revenue model

1. Circular Materials Supply (Carbon Black & SCM): CIRCTEC supplies recovered carbon black and sustainable carbonaceous materials (SCM) to Birla Carbon under a long-term supply agreement. Birla Carbon processes the raw material into Continua™ SCM at its Trecate, Italy facility for the global rubber and plastics industries.
2. Sustainable Fuel & Petrochemical Feedstock Sales: CIRCTEC sells sustainable drop-in fuels (HUPA™ marine fuel) and circular naphtha petrochemical feedstock to bp under an eight-year offtake agreement. This represents the primary commercial outlet for the company's liquid fuel and chemical outputs.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

CIRCTEC operates proprietary CIFR™ pyrolysis reactor technology to convert end-of-life tyres into three commercial product streams: HUPA™ sustainable drop-in marine fuel, circular naphtha petrochemical feedstock, and recovered carbon black. Outputs are sold under long-term offtake agreements with bp (marine fuel and circular naphtha) and Birla Carbon (recovered carbon black processed into Continua™ SCM at Trecate, Italy). The company runs Europe's largest chemical tyre recycling facility at Delfzijl, Netherlands (Phase 1: 50,000 tonnes/year; Phase 2 planned: 200,000 tonnes/year), and through its 2024 acquisition of Granuband B.V. integrates upstream end-of-life tyre collection in the Benelux region.

Product overview

CIRCTEC is a pyrolysis technology company that converts end-of-life tyres into sustainable products through its proprietary CIFR™ pyrolysis reactor. The core product portfolio includes HUPA™ sustainable marine fuel (covered by bp offtake agreement), circular naphtha petrochemical feedstock, and recovered carbon black (supplied to Birla Carbon). The company operates Europe's largest chemical tyre recycling facility in Delfzijl, Netherlands, with Phase 1 operational at 50,000 tonnes annual capacity and Phase 2 expansion to 200,000 tonnes under development. The 2024 acquisition of Granuband provides integrated collection and feedstock supply capability.

Differentiator

Problem solved

Functional benefit

Products and services

• HUPA™ Sustainable Marine Fuel
• Circular Naphtha Petrochemical Feedstock
• Recovered Carbon Black (rCB)
• End-of-Life Tyre Collection and Recycling (Granuband)

Quantifiable outcome

• Phase 1 capacity of 50,000 tonnes/year of end-of-life tyres; Phase 2 will expand to 200,000 tonnes/year — approximately 6% of Europe's total waste-tyre stream.
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Granuband B.V.coreStrategic or Co-development Partner · 11 June 2024Circtec Ltd acquired Granuband B.V., one of the main end-of-life tyre collection and recycling companies in the Benelux region, integrating it into the Circtec group. This acquisition provides Circtec with an integrated collection and feedstock supply capability for its chemical recycling operations, securing upstream feedstock supply.
• bpcoreStrategic or Co-development Partner · 2 April 2024BP signed an eight-year offtake agreement with Circtec, valued at €12.5 million, to offtake HUPA™ sustainable marine fuel and circular naphtha petrochemical feedstock produced from Circtec's end-of-life tyre pyrolysis process. This is a long-term commercial offtake arrangement providing revenue certainty for Circtec's fuel and chemical outputs.
• Birla CarboncoreStrategic or Co-development Partner · 25 May 2021Circtec and Birla Carbon signed a long-term supply agreement in May 2021 for the supply of recovered carbon black from Circtec's Netherlands pyrolysis facility. Birla Carbon processes the material into Continua™ Sustainable Carbonaceous Material (SCM) at its Trecate, Italy plant. Circtec provides raw material feedstock; Birla Carbon processes and distributes globally to rubber and plastics customers.

Scale indicators6 records

Recent moves7 records

Expansion highlights7 records

Market position

Competitive moat5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/circtec

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CIRCTEC