Clariter

What Clariter does

Clariter S.A., a Luxembourg-domiciled public limited liability company founded in 2003, has developed a proprietary three-step chemical upcycling process that transforms mixed and hard-to-recycle plastic waste — including polyethylene, polypropylene, polystyrene, and ultra-high-molecular-weight polymers — into three drop-in industrial product families: aliphatic solvents, white mineral oils, and paraffinic snow-white waxes. The technology runs sequentially through thermal cracking (depolymerization into liquid hydrocarbons), hydro-refining (removal of double bonds, sulphur, and aromatics), and distillation/separation into final fractions that meet FDA purity standards and food-contact-grade specifications; an independent Life Cycle Analysis by CE Delft verified a net negative carbon footprint.

The company operates an R&D and pilot plant in Gliwice, Poland, and an Industrial Demonstration Plant in East London, South Africa (joint venture with the Industrial Development Corporation), and is preparing to commission the first full-scale commercial plants in Israel, Poland, and the Netherlands by the end of 2025, with each plant designed to process 60,000 tons of plastic waste and produce 50,000 tons of finished products annually. Office presence spans Luxembourg (headquarters), Poland, Israel, South Africa, and the Netherlands, with a US rollout enabled through Summit Midstream Partners.

Clariter generates revenue primarily through direct B2B enterprise supply agreements and long-term offtake partnerships with industrial petrochemical, specialty chemicals, wax, and consumer-products manufacturers (notably a €1.5 billion strategic supply agreement with COUNT Energy Trading covering a minimum 5-year period), supplemented by distribution partnerships with Kerax (UK) and H&R Group (Germany), feedstock agreements (e.g., 75,000 tons/year with Makpol Recykling in Poland), and joint consortia such as the BioBTX/Bollegraaf/N+P sorting facility in Delfzijl. The company pursues technology licensing as it scales. Customer segments include manufacturers and brand owners in paints, coatings, cosmetics, leather care, candles, and inks, plus waste-management companies and government/municipal policy-makers; over 1,000 end- and consumer-product applications use Clariter-derived ingredients.

Name

Clariter

Legal name

Clariter S.A.

Website

https://clariter.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

51–100 employees

Short description

Clariter is a Luxembourg-based cleantech company that uses a proprietary three-step chemical upcycling process to convert mixed plastic waste into high-purity aliphatic solvents, white mineral oils, and paraffinic waxes sold to industrial manufacturers and brand owners as drop-in replacements for fossil-based petrochemicals.

Ownership category

akta.pro rank

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Product Sales - Oils, Waxes, and Solvents: Clariter generates revenue from selling high-quality petrochemical products (aliphatic solvents, white mineral oils, paraffinic waxes) produced from upcycled plastic waste. Products are sold directly to industrial manufacturers as drop-in replacements for fossil-based equivalents. Long-term supply agreements (e.g., €1.5B with COUNT) provide revenue visibility.
2. Technology Licensing: As the company scales globally with full-scale plants planned in Israel, Poland, Netherlands, and USA, Clariter may license its proprietary technology to partners for plant construction and operation in new markets.
3. Offtake and Distribution Partnerships: Partners like Kerax operate as non-exclusive off-takers and distributors of Clariter products, creating recurring revenue streams through product sales agreements.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Clariter applies a proprietary three-step chemical upcycling process (thermal cracking, hydro-refining, and distillation/purification) to convert mixed and hard-to-recycle plastic waste into three families of high-purity industrial petrochemicals: aliphatic solvents, white mineral oils, and paraffinic snow-white waxes. These FDA-compliant, food-contact-grade products serve as drop-in replacements for fossil-based petrochemicals in paints, cleaners, inks, greases, polishes, candles, cosmetics, leather care, and pharmaceutical applications across more than 1,000 end products.

Product overview

Clariter is a cleantech company offering a proprietary chemical upcycling technology that transforms plastic waste into three high-value product families: aliphatic solvents, white mineral oils, and paraffinic snow-white waxes. These products serve as drop-in alternatives to fossil-based petrochemicals and are used as ingredients in over 1,000 industrial and consumer products including paints, cleaners, inks, greases, polishes, candles, leather care, wood care, and cosmetics. The company also produces specialty ultra-pure solvents in partnership with TotalEnergies Fluids for pharmaceutical applications, and is developing dielectric cooling fluids for data center applications. Clariter's technology accepts over 60% of plastic types including mixed and low-value plastics, achieves a net carbon-negative footprint, and produces FDA-compliant, food-contact-grade products.

Differentiator

Problem solved

Functional benefit

Products and services

• Clariter Chemical Upcycling Technology Proprietary three-step chemical recycling process (thermal cracking, hydro-refining, distillation/purification) that transforms plastic waste into high-quality, high-value industrial petrochemical products. Licensed and deployed through commercial-scale plants globally.
• Aliphatic Solvents High-purity aliphatic solvents produced from upcycled plastic waste. Sulphur-free, odourless, FDA purity standards, food-contact grade, serving as drop-in alternatives to fossil-based solvents in industrial and consumer applications.
• White Mineral Oils Pure white mineral oils upcycled from plastic waste that meet FDA purity standards and food-contact-grade requirements, used as alternatives to fossil-based mineral oils in pharmaceuticals, cosmetics, and industrial applications.
• Paraffinic Snow-White Waxes High-quality paraffinic snow-white waxes produced through Clariter's chemical upcycling process. Sulphur-free, odourless alternatives to fossil-based waxes used in over 1,000 industrial and consumer applications.
• Ultra-Pure Solvents (with TotalEnergies Fluids) Sustainable ultra-pure solvents produced through a joint process where Clariter's upcycled hydrocarbons are further refined by TotalEnergies Fluids' Hydro-De-Aromatization technology to meet pharmacopoeia-standard purity criteria for pharmaceutical and cosmetic applications.
• Dielectric Cooling Fluids for Data Centers Ultra-pure, PFAS-free dielectric cooling fluids derived from upcycled plastic waste, designed for direct-to-chip and immersion cooling in data centers serving AI and high-performance computing thermal management workloads.

Quantifiable outcome

• Net negative carbon footprint verified by independent LCA by CE Delft - carbon footprint below zero, depleting carbon from the planet rather than adding to it
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered core and strategic.

• Makpol RecyklingcoreStrategic or Co-development Partner · 19 February 2024Landmark strategic raw material supply agreement where Makpol will supply up to 75,000 tons of processed plastic waste raw material feedstock annually to Clariter's future Poland facility. Parties also agreed to jointly develop advanced plastic waste treatment facility in Poland. Makpol processes over 200,000 tons of waste annually.
• H&R GroupcoreStrategic or Co-development Partner · 5 February 2024German hydrocarbon-based chemical specialties company enters strategic collaboration to jointly develop and reinforce value proposition of refined recycled hydrocarbons from Clariter's technology. Joint R&D initiatives to expand applications for Clariter's products. Long-term off-take agreement for purchase and distribution of high-quality alternatives to fossil fuel-based petrochemicals.
• Ketjen (Albemarle Corporation)strategicTechnology or Integration · 1 August 2023Collaboration with world leader in catalysts and specialty chemicals. Ketjen contributes deep knowledge and cutting-edge expertise in catalytic conversion of alternative and renewable feedstocks to advance Clariter's proprietary technology. Partnership aims to create impactful and lasting contribution to chemical recycling of plastics through world-renowned analytical capabilities and catalyst production experience.
• Flowserve Corporation (NYSE: FLS)coreStrategic or Co-development Partner · 28 February 2023Flowserve is single-source supplier of all pumps, valves, seals and RedRaven products for Clariter's first four commercial-scale chemical recycling facilities. Companies committed to developing new sustainable formulations for lubrication of pumps and valves made from recycled plastic waste. Flowserve continued investment in Clariter's funding round (announced March 2026).
• TotalEnergies FluidscoreStrategic or Co-development Partner · 31 January 2023World premiere partnership producing first ultra-pure solvents made from plastic waste. 18-month collaboration where Clariter transforms plastic waste into sustainable solvents using its upcycling technology, then TotalEnergies Fluids further converts materials using Hydro-De-Aromatization (HDA) technology into very high purity solvents meeting pharmacopoeia standards.
• COUNT Energy TradingcoreStrategic or Co-development Partner · 3 October 2022€1.5 billion strategic supply agreement for sustainable oils and solvents produced from upcycled plastic waste. Minimum 5-year cooperation period. COUNT to distribute Clariter's circular products, supporting sustainability transition in petrochemical industry. First supply from Clariter's first four commercial plants in Europe and Middle East.
• BioBTX, Bollegraaf, and N+PstrategicStrategic or Co-development Partner · 16 September 2022Joint initiative to develop Europe's largest and most advanced plastic waste sorting plant for chemical recycling industry in Delfzijl, Netherlands. Annual processing capacity of 350,000 tonnes targeting lowest-grade plastic waste. Project partners handle offtake of raw material (Clariter, BioBTX), supply of plastic waste (N+P), and delivery of technology (Bollegraaf). Expected online by 2025.
• Bureau VeritasstrategicTechnology or Integration · 15 February 2021World leader in testing, inspection, and certification partners with Clariter for comprehensive tests relevant to chemical recycling of industrial plastic waste. Bureau Veritas provides access to state-of-the-art laboratories and worldwide team of experts, testing samples from Gliwice, Poland and East London, South Africa.
• DSM Protective MaterialsstrategicStrategic or Co-development Partner · 7 January 2021Strategic partnership to pursue chemical recycling solution for Dyneema®-based end-products (ultra-high-molecular-weight polyethylene fiber used in ropes, nets, ballistic materials). Sample products successfully converted at Clariter's pilot plant in Poland, demonstrating technical viability. Commercial-scale trials scheduled at South Africa facility.
• MFPEstrategicStrategic or Co-development Partner · 15 December 2020French leather and wood care manufacturer collaboration delivering global first products for leather, wood, and car care upcycled from plastic waste. MFPE manufactures polishes, creams, balms, waxes, waterproofing products using Clariter's oils, waxes and solvents as crude-oil free ingredients. Partnership demonstrates sustainability can go hand-in-hand with high quality.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Eastman Chemical: Eastman's molecular recycling technology (Carbon Renewal Technology) transforms mixed plastic waste back into molecular building blocks for specialty plastics and additives. Directly comparable to Clariter as a chemical recycling company producing drop-in petrochemical replacements from plastic waste.
• Plastic Energy: Plastic Energy uses patented pyrolysis technology to convert end-of-life plastic waste into pyrolysis oil (TACOIL) for use as feedstock in new plastic production. Closely comparable as a chemical recycling pure-play with similar upstream feedstock acquisition and downstream offtake model.
• Agilyx: Agilyx has developed proprietary chemical recycling technology that converts mixed plastic waste into crude oil and other petrochemical feedstocks. Directly comparable as a chemical recycling technology developer serving petrochemical customers with similar feedstock-to-product conversion approach.
• Mura Technology: Mura operates HydroPRS (Hydrothermal Plastic Recycling System), an advanced recycling technology that converts plastic waste into the building blocks for new plastics and chemicals. Directly comparable as an advanced/chemical recycling technology company targeting hard-to-recycle plastics.

Broad incumbents

• BASF: BASF's ChemCycling program processes pyrolysis oil from mixed plastic waste into feedstock for its chemical production. A broad incumbent petrochemical giant with overlapping chemical recycling capabilities, serving as both a potential partner and competitive threat to Clariter.
• SABIC: SABIC's TRUCIRCLE portfolio includes certified circular polymers produced from pyrolysis oil of mixed plastic waste. A major petrochemical incumbent with chemical recycling capabilities across its broad product portfolio, comparable in target markets but not specialized to Clariter's niche.
• LyondellBasell: LyondellBasell's Circulen portfolio includes mechanically and chemically recycled polymers. A major petrochemical incumbent with overlapping advanced recycling initiatives, and a former employer of Clariter's VP Engineering, indicating deep industry overlap.
• INEOS: INEOS operates one of Europe's largest petrochemical operations with growing investments in chemical recycling and circular feedstocks. A broad incumbent petrochemical player with overlapping chemical recycling initiatives targeting similar end markets (solvents, polymers).

Emerging players

• Carbios: Carbios has developed an enzymatic recycling process for PET plastics that depolymerizes plastic waste back to monomers for new plastic production. Comparable as an emerging advanced recycling company focused on circular plastics, though focused specifically on PET versus Clariter's broader plastic waste streams.
• Loop Industries: Loop Industries has developed a proprietary chemical depolymerization technology that breaks down PET plastic waste into its base monomers for infinite recycling. Comparable as an emerging chemical recycling technology developer targeting circular plastic monomers, with similar technology partnership model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCbJ8MHEbS6zH9aZQqG8K1xQ
• LinkedInlinkedin.com/company/clariter
• Xx.com/claritergroup

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds4 records

Investors4 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 Clariter