Novelplast

What Novelplast does

Novelplast Teoranta Ltd. is an Irish plastics manufacturer founded in 2017 and headquartered in Gibbstown, Navan, County Meath. The company operates a single-site facility using Starlinger recycling technology — described as the first of its kind in Europe for processing post-industrial polyester into high-quality recycled PET (rPET) pellets. Its core output, branded Revive™, is a 100% recycled pellet produced by blending PET Flake (primarily derived from recycled PET water bottles) with Thread (a manufacturing by-product), incorporating a proprietary additive blend designed to improve mechanical and aesthetic properties versus virgin PET.

The company's commercial offering has two components: a product line (Revive™ rPET pellets sold to manufacturers seeking virgin-PET alternatives) and a service line (Renew toll processing, under which customers ship PET production by-products, off-cuts or regrind to Novelplast for shredding, pelletising, and return — with optional intrinsic-viscosity enhancement and colour improvement). Both offerings target B2B enterprise customers: PET-using manufacturers seeking circular-economy sourcing, and PET-producing manufacturers seeking to redirect production waste from landfill.

The business model is direct B2B enterprise sales with quote-based, multi-year contract pricing that is not publicly disclosed. The company has raised €10 million from Ocean 14 Capital Fund 1 SCSp in April 2024 and received a subsequent investment from Accelerate Green in February 2025. Operational scale-up is the current strategic priority, with a stated 2025 objective of invoicing 1,400 metric tonnes per month of finished goods while maintaining a reject-chip rate below 0.5% of total output. The company holds ISO 9001:2015 and ISO 14001:2015 certifications (INAB-audited, 2024) and is pursuing EN 15343 traceability accreditation by end-2025 to support customer regulatory compliance with EU recycled-content mandates.

Name

Novelplast

Legal name

Novelplast Teoranta Ltd.

Website

https://novelplast.ie

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Novelplast is an Irish plastics manufacturer that converts post-industrial and post-consumer PET into 100% recycled rPET pellets (Revive™) and offers toll-processing services (Renew), selling directly to European B2B manufacturers seeking sustainable alternatives to virgin PET.

Ownership category

akta.pro rank

Product category

Recycled Plastics Manufacturing

NAICS

Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

Recycled & Reprocessed Polymer Resin Manufacturing (rPET, rPP, rPE; PCR/PIR resins) (IMANAAAH)

akta.pro secondary industry

Reprocessed Resin & Recycled Polymer Compounding (PCR/PIR Compounds) (IMANAMAG)

Keywords

• Recycled PET pellets
• RPET manufacturing
• Toll processing services
• Polyester recycling
• Circular economy plastics

Headquarters

HQ city

Navan

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. rPET Pellet Sales (Revive™): Novelplast produces and sells high-quality recycled PET (rPET) pellets under the Revive™ brand. Customers are manufacturers seeking sustainable PET alternatives. Revenue is generated through the sale of finished rPET pellets as a direct product revenue stream.
2. Toll Processing (Renew): Novelplast offers toll processing services where customers ship their PET production by-products, off-cuts, or regrind to Novelplast. Novelplast processes, pelletises, and ships the recycled material back to the customer for re-use in their own production. This is a service-based revenue model where customers pay for the processing service rather than purchasing a standalone product.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Novelplast is an Irish plastics manufacturer that recycles post-industrial and post-consumer PET/polyester materials into high-quality 100% recycled PET (rPET) pellets under the Revive™ brand, using a first-of-its-kind Starlinger recycling line in Europe. The company also operates a Renew toll processing service, receiving customers' PET production by-products, off-cuts or regrind, then shredding, pelletising and shipping the recycled material back for reuse in the customer's own production stream.

Product overview

Novelplast is a single-product focused company centered around its core recycling technology for PET/polyester materials. The company's main product Revive™ is a 100% recycled rPET pellet created through a proprietary blending process that combines PET Flake (sourced primarily from recycled water bottles) with Thread (manufacturing by-products). The second offering, Renew, is a toll processing service where customers ship their PET production waste for reprocessing into reusable pellets. Both products rely on proprietary technology developed in partnership with Starlinger, enabling Novelplast to produce high-quality recycled PET pellets that serve as alternatives to virgin material in various manufacturing applications.

Differentiator

Problem solved

Functional benefit

Brands

• Revive™: A pelletized PET product made from 100% recycled material, created by blending PET Flake (mostly from recycled PET water bottles) and Thread (a by-product of plastic manufacturing). Saves thousands of tons of post-industrial and post-consumer PET materials from landfill per year.
• Renew

Products and services

• Revive™ A 100% recycled pelletized PET product made by blending PET Flake (from recycled water bottles) and Thread (manufacturing by-product), creating a viable alternative to virgin PET material for manufacturers using PET/polyester in their production.
• Renew (Toll Processing) A toll processing service that reprocesses and recycles customer PET materials — receiving by-products, off-cuts or regrind, then shredding, pelletising and returning the material for reuse in the customer's production stream. Can increase IV (Intrinsic Viscosity) and improve colour.

Quantifiable outcome

• Saves thousands of tons of post-industrial and post-consumer PET materials from landfill per year
• +3 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• StarlingercoreTechnology or IntegrationStarlinger is Novelplast's technology partner. Novelplast's manufacturing plant was developed in partnership with Starlinger and uses Starlinger recycling technology. The plant is the first of its kind in Europe. Starlinger provides the core processing technology that enables Novelplast to convert post-industrial PET materials into high-quality rPET pellets. Novelplast publicly acknowledges Starlinger as their technology partner and references Starlinger's equipment (Starlinger line) on their website.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/novelplast-teoranta

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors2 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 Novelplast