Preco Circular

What Preco Circular does

Preco Circular (legal name PROYECTOS DE ECONOMÍA CIRCULAR, S.L.) is a privately held Spanish circular-economy company headquartered in Madrid that converts plastic waste into renewable bioliquid using its proprietary Neoliquid® zero-waste thermal pyrolysis technology. The pyrolysis process operates in an oxygen-free atmosphere without combustion, generating three outputs: renewable bioliquid (the primary product, usable as advanced transportation fuel and as secondary feedstock for petrochemical virgin-quality plastic production), biochar (an industrial substitute for mineral coal), and synthesis gas (re-used internally as the thermal energy source). The technology is restricted from processing chlorinated plastics and is also applicable to a broader waste mix including paper, cardboard, wood, textiles, sludges, end-of-life tires, used oils, biowaste, and agroforestry biomass.

The company is structured around the full plastic-to-product value chain: promotion and co-promotion of waste-recovery installations, design and construction of recycling plants, technology export/licensing, integrated project management, and commercialization of second-generation sustainable products. Through a March 2021 joint venture with Neoliquid, Preco holds exclusive large-scale production rights in Spain to the underlying technology and is rolling out a six-plant Iberian network — Toledo, Puertollano, Gijón, Badajoz, Gádor, and Portugal (Nelas) — with a combined planned plastic processing capacity of 477,300 tn/year and bioliquid output of 203,500 tn/year, against a JV target of 600,000 tn/year of bioliquid by 2025 backed by a €250M investment plan.

Preco generates revenue through long-term B2B supply contracts for bioliquid (e.g., a 10-year, 20,000 tn/year agreement with PRIO Energy and a multi-year minimum 20,000 tn/year agreement with Neste), plant development and management services, and licensing of Neoliquid® technology. Its customer base spans waste management concessionaires, petrochemical producers, packaging manufacturers (including Tetra Pak as a flagship 2025 partner), and public administrations across Spain and Portugal, with a wholly-owned Portuguese subsidiary and growing EU ambitions (Italian operations referenced). The company has ~11-50 employees, has raised regional grants (€5.23M from Incentivos Regionales for the Puertollano plant on a €18M total project cost), but discloses no external private equity or venture capital backing.

Name

Preco Circular

Legal name

PROYECTOS DE ECONOMÍA CIRCULAR, S.L.

Website

https://precocircular.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Preco Circular is a Madrid-based Spanish company that uses its proprietary Neoliquid® zero-waste thermal pyrolysis technology to transform plastic waste into renewable bioliquid, biochar, and synthesis gas, supplying petrochemical, biofuel, packaging, and waste management customers across the Iberian Peninsula.

Ownership category

akta.pro rank

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Bioliquid Sales to Petrochemical Industry: Sale of bioliquid produced from plastic waste transformation to petrochemical companies for use as advanced fuel or as secondary raw material for new plastic production. Long-term supply agreements secure revenue.
2. Second-Generation Sustainable Product Commercialization: Commercialization of sustainable products derived from the pyrolysis process including biochar and synthesis gas alongside bioliquid.
3. Plant Development and Management Services: PRECO promotes, designs, builds and manages plastic recycling plants. Revenue is generated through plant development fees, project management services, and operational management contracts.
4. Technology Licensing and Export: Export of Neoliquid® technology (developed in Spain) to third parties for plastic transformation plant construction and operation.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Preco Circular transforms plastic and other waste streams into renewable bioliquid, biochar, and synthesis gas using its proprietary Neoliquid® thermal pyrolysis technology, which operates in an oxygen-free, zero-waste, combustion-free process. The company promotes, designs, builds, and operates chemical recycling plants across the Iberian Peninsula and licenses its technology to third parties. It manages the full value chain from waste supply assurance to commercialization of second-generation sustainable products for petrochemical, packaging, and energy customers.

Product overview

Preco Circular offers an integrated circular economy solution centered on its proprietary Neoliquid® technology platform. The company's core offering is a zero-waste thermal pyrolysis process that transforms plastic and other waste materials into three outputs: renewable bioliquid (the primary product used as fuel or petrochemical feedstock), synthesis gas (reused internally to sustain the process), and biochar (for industrial applications). Preco covers the complete value chain through five service pillars: promotion of waste recovery installations, development of recycling plants, technology licensing, project management, and commercialization of second-generation sustainable products. The company operates multiple chemical recycling plants across the Iberian Peninsula with varying capacities, and has established a joint venture with Neoliquid to scale production.

Differentiator

Problem solved

Functional benefit

Brands

• Neoliquid®: Proprietary zero-waste thermal pyrolysis technology developed in Spain that transforms plastic waste into bioliquid

Products and services

• Neoliquid® Technology Proprietary zero-waste thermal pyrolysis technology that transforms plastic waste into bioliquid in an oxygen-free, combustion-free atmosphere without generating dioxins or furans, licensed and exported to third parties.
• Renewable Bioliquid (Biolíquido Renovable) Renewable liquid output from Neoliquid® pyrolysis used as advanced biofuel for transportation and as secondary raw material for the petrochemical industry to produce new virgin-quality plastics.
• Biochar (Biocarbón) Solid by-product recovered from the pyrolysis process and commercialized as an industrial substitute for mineral coal.
• Synthesis Gas (Gas de Síntesis) Gas output from the pyrolysis process reused internally as thermal source to maintain pyrolysis temperature, also commercialized as a second-generation sustainable product.
• Plastic Waste Processing Plants (Chemical Recycling Plants) Chemical recycling plants designed, built, and operated by Preco across the Iberian Peninsula (including Toledo, Puertollano, Gijón, Badajoz, Gádor in Spain and Concelho de Nelas in Portugal) with combined planned capacity of 477,300 tn/year of plastic processing and 203,500 tn/year of bioliquid production.
• Plant Development and Project Management Services End-to-end services covering promotion of waste recovery facilities, design and execution of recycling plants, integral project management, and commercialization of second-generation sustainable products for waste management companies, petrochemical firms, and public administrations.

Quantifiable outcome

• Zero harmful air pollutants (dioxins and furans) generated during the pyrolysis process
• +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

Feature4 records

Partnerships

Six partnerships are on record, tiered flagship, core and minor.

• Tetra PakflagshipStrategic or Co-development Partner · 28 January 2025Pioneering agreement to consolidate chemical recycling of polyethylene from beverage cartons in Spain. This is the starting point for a long-term plan to expand recycling capacity for this material through chemical recycling in Spain, complementing mechanical recycling. The agreement ensures Preco's production will be directed to generating new liquids for the chemical industry, recycling used plastics, supporting a circular economy for plastics.
• NestecoreStrategic or Co-development Partner · 3 May 2023Finnish multinational Neste signed a supply agreement with Preco for pyrolysis oil. Preco supplies a minimum of 20,000 tonnes per year of pyrolysis oil. The agreement secures that all of Preco's production for coming years will be directed to generating new liquids for the chemical industry through recycling used plastics. Neste processes the oil for renewable and circular solutions.
• PRIO EnergycoreStrategic or Co-development Partner · 9 April 2021Preco signed a 10-year bioliquid supply agreement with Portuguese company PRIO, Portugal's first biofuel producer with 250 petrol stations. Preco supplies minimum 20,000 tonnes of bioliquid annually with PRIO holding an option to increase volumes. The agreement secures the profitability of Preco's plant construction in northern Portugal. PRIO has been testing bioliquid produced at Preco's Toledo facility.
• NeoliquidcoreStrategic or Co-development Partner · 29 March 2021Preco and Neoliquid created a joint venture to develop, produce, and commercialize bioliquids from plastic waste transformation. The JV builds on a strategic alliance from 2019. The joint venture targets 600,000 tonnes of bioliquid production by 2025 with a planned investment of 250 million euros across plants in Castilla-La Mancha, Asturias, Andalucía, and Portugal. Neoliquid provides its proprietary thermal pyrolysis technology; Preco provides project development, plant management, and commercialization capabilities. Preco gains exclusivity in Spain for large-scale production capacity.
• AfabiorminorOthersPRECO is a member of Afabior, a Spanish industry association related to circular economy and bioeconomy.
• BioplatminorOthersPRECO is a member of Bioplat, a Spanish platform for biomass and bioenergy promoting circular economy solutions.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Neste: Finnish global leader in renewable fuels and circular solutions that has signed PyOil offtake with Preco. Operates its own chemical recycling and renewable feedstock platforms; both a customer and an indirect incumbent competitor for the pyrolysis-oil-to-petrochemicals market.
• INEOS: Global petrochemicals major with announced investments in chemical recycling (e.g., INEOS Inovyn and cracker-of-pyoil projects). Competes as both petrochemical offtaker and integrated recycling platform.
• BASF: German chemical giant with its ChemCycling program and pyrolysis-oil offtake agreements (e.g., with Plastic Energy) supplying circular feedstock for its cracker-based plastics. Competes as an integrated petrochemical incumbent that is itself a buyer-and-producer of pyrolysis oil.
• Repsol: Spanish integrated energy and petrochemical company operating refineries, petrochemicals, and circular polymers initiatives (e.g., Reciclex/circular polyolefins). Comparable as a domestic Iberian petrochemical incumbent investing in circular feedstock.

Direct peers

• Agilyx: Norway/US plastic pyrolysis company producing pyrolysis oil for petrochemical and refining off-takers, including a JV with Braskem. Competes head-to-head for the same PyOil-to-petrochemical category as Preco.
• Mura Technology: UK-based developer of supercritical hydrothermal chemical recycling (Cat-HTR) producing pyrolysis-equivalent feedstocks for petrochemical customers (including partnered with Dow and Mitsubishi Chemical). Directly competes for advanced-recycling off-take agreements in Europe.
• Plastic Energy: UK/Spain-headquartered chemical recycler that uses thermal pyrolysis to convert end-of-life plastics into pyrolysis oil (TACOIL) for petrochemical and refining customers. Most direct comparable to Preco on technology, Iberian operations, and customer base.
• Quantafuel: Norwegian chemical recycler operating thermal pyrolysis of mixed plastic waste into pyrolysis oil and components for petrochemical and circular plastic markets. Direct competitor in European plastic-to-feedstock value chain.

Emerging players

• BIO-FEN S.r.l. / Bluemoon Europe: Italy-based emerging pyrolysis/biomass-to-bioliquid operator focusing on chemical recycling of waste plastics and tires in Southern Europe. Comparable emerging peer in the Iberian-southern-European pyrolysis footprint.

Others

• Tecnicas Reunidas / Sener (Engineering E&C): Spanish engineering, procurement and construction groups capable of building and integrating waste-to-energy and petrochemical facilities in Iberia. Adjacent enabler to Preco's plant development activities rather than a chemical recycling competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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 Preco Circular