What PolyCycle does

PolyCycle, LLC is a Phoenix-based private company (founded 2021, operated as a venture under TGP Holdings, LLC) that commercializes The Grispin Process™, a proprietary anaerobic, catalyst-free pyrolysis technology developed over approximately 30–40 years by CTO and founder Charles W. Grispin. The technology converts previously non-recyclable mixed plastic waste into PolyCrude™ syn-crude oil at a claimed conversion rate above 75%, and PolyCycle defines a standard 4-vessel facility that processes 240 tons of plastic per day into roughly 1,200 barrels of PolyCrude per day, yielding over 440,000 barrels of distillates per year that are refined on-site into monomer feedstocks and ultra-low sulfur diesel. The integrated platform combines a Plastics Repurposing Facility (PRF) with multi-step feedstock sortation, proprietary separation unit operations, and an energy self-sufficient process envelope in which approximately 77% of feed energy is recovered as PolyCrude and about 22% as pyro-gas used to drive the process.

PolyCycle serves municipalities, regional public/private enterprises, landfills, and waste collection entities seeking sustainable plastic waste disposal, zero-landfill compliance pathways, and domestic crude/feedstock supply. Its go-to-market is enterprise field sales with direct engagement for custom facility deployment, combined with technology licensing of The Grispin Process. Revenue mechanics include transaction-based PolyCrude and distillate sales, licensing/royalty streams from facility design, and sales of separated materials recovered during feedstock preparation; no public pricing is disclosed and engagements are quote-based for industrial and government buyers. The company references US-EPA data pointing to 30+ million tons of annual polymer-based waste with less than 10% recycled as the addressable opportunity, and operates with a 11–50 employee headcount and an executive team led by CEO Richard D. Holub, CFO Robert J. Murphy, VP BD Davis B. Lamm, and Director of Operations Grant S. Schouweiler.

Name

PolyCycle

Legal name

PolyCycle, LLC

Website

https://polycyclellc.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

PolyCycle, LLC commercializes The Grispin Process, a proprietary anaerobic pyrolysis technology that converts non-recyclable mixed plastic waste into PolyCrude syn-crude oil and refined distillates for municipalities, landfills, and enterprises.

Ownership category

akta.pro rank

Product category

Chemical Recycling Services

NAICS

Petrochemical Manufacturing (325110), Materials Recovery Facilities (56292)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Refuse Systems (4953)

akta.pro primary industry

Chemical/Advanced Recycling (Pyrolysis, Depolymerization, Solvolysis, Gasification) (EUAIAKAC)

akta.pro secondary industries

Plastics Sorting & Reprocessing (PET, HDPE, Film) (BPALADAE), Plastic-to-Fuel/Oil & Feedstock Upgrading (Naphtha/Cracker Feed) (EUAIAKAL), Recycled & Reprocessed Polymer Resin Manufacturing (rPET, rPP, rPE; PCR/PIR resins) (IMANAAAH), Plastic Recycling Equipment & Technology Providers (Sorting, Washing, Extrusion) (EUAIAKAM)

Keywords

• Chemical recycling services
• Plastic waste pyrolysis
• Waste-to-feedstock processing
• Anaerobic pyrolysis technology
• Polymer-to-crude conversion

Headquarters

HQ city

Phoenix

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. PolyCrude and Distillate Sales: Primary revenue from selling PolyCrude syn-crude oil refined on-site into feedstock for new monomer production and distillates including ultra-low sulfur diesel. Revenue is transaction-based, derived from volume of plastic waste processed and refined products sold.
2. Facility Licensing and Deployment: Revenue from licensing The Grispin Process technology and deploying PolyCycle facilities to municipalities and regions. Scalable facility model designed for commercial-scale deployment.
3. Separated Material Sales: Non-supported materials separated during the Plastics Repurposing Facility (PRF) process can be sold to alternative post-consumer recycling entities, generating additional revenue streams.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

PolyCycle deploys and operates facilities that apply The Grispin Process™, a proprietary anaerobic pyrolysis technology, to convert previously non-recyclable mixed plastic waste into PolyCrude™ syn-crude oil and on-site refined distillates such as ultra-low sulfur diesel and feedstock for new monomer production. A 4-vessel facility processes 240 tons of plastic waste per day into 1,200 barrels of PolyCrude (over 440,000 barrels annually) and the platform is designed to scale to municipal or regional demand.

Product overview

PolyCycle offers a unified technology platform built around The Grispin Process™, a proprietary anaerobic pyrolysis technology that transforms previously non-recyclable plastic waste into valuable commodities. The platform consists of the Grispin Process technology core, the Plastics Repurposing Facility (PRF) for feedstock preparation, and PolyCrude™ as the primary output product. PolyCycle™ facilities deploy the integrated system to process plastic waste at scale, producing PolyCrude™ which is refined on-site into feedstock for new monomer production and ultra-low sulfur diesel fuels.

Differentiator

Problem solved

Functional benefit

Brands

• PolyCrude™: Syn-crude oil produced from the pyrolysis of plastic waste, refined on-site into feedstock for new monomer production.
• PolyFuel™
• The Grispin Process™
• PRF (Plastics Repurposing Facility)

Products and services

• PolyCrude™ Syn-Crude Oil and Refined Distillates Syn-crude oil produced via the Grispin Process from plastic waste, refined on-site into feedstock for new monomer production and ultra-low sulfur diesel. Sold to chemical, petrochemical, and downstream fuel buyers as a primary commercial output of a PolyCycle facility.
• PolyCycle™ Facility Deployment and Grispin Process Licensing Custom design, deployment, and licensing of integrated PolyCycle facilities (including PRF sortation, pyrolysis reactors, and on-site refining) to municipalities, regions, and large enterprises seeking commercial-scale chemical recycling capacity.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Renewlogy: Operates pyrolysis plants converting plastic waste into naphtha and diesel-range products. Directly comparable pyrolysis technology, feedstock inputs, and refined-output product slate.
• Agilyx: Direct peer specializing in chemical recycling of plastic waste via pyrolysis into crude-like feedstock for new polymer production. Now operating under INEOS Styrolution, it competes head-to-head with PolyCycle's Grispin Process on plastic-to-feedstock conversion technology.
• Nexus Circular: Advanced recycling company using pyrolysis to convert previously non-recyclable plastics into circular feedstocks for new plastic production. Direct competitor with overlapping technology and circular-economy go-to-market motion.
• Plastic Energy: Operates pyrolysis plants converting end-of-life plastic waste into TACOIL, a feedstock for new plastic production. Directly comparable business model, output (syn-crude for monomer production), and target customers (consumer goods companies, municipalities).
• Mura Technology: Develops hydrothermal plastics recycling (Cat-HTR) that converts mixed plastic waste into feedstocks for new plastic production. Direct competitor in advanced chemical recycling targeting the same circular-economy opportunity.
• Brightmark Energy: Operates plastic-to-fuel pyrolysis facilities in the US, converting mixed plastic waste into transportation fuels and feedstocks. Closely comparable technology (anaerobic pyrolysis), feedstock sourcing strategy, and target end markets.

Emerging players

• Novoloop: Chemical recycling startup using proprietary catalyst technology to convert polyethylene waste into virgin-quality feedstock for new plastic production. Comparable emerging-stage company pursuing circular feedstock from plastic waste.
• Resynergi: Emerging advanced recycling company using microwave-assisted pyrolysis to convert mixed plastic waste into monomers and fuels. Comparable end-market focus with a differentiated technology approach.

Broad incumbents

• Eastman Chemical: Major petrochemical incumbent operating the Eastman Renew carbon renewal technology for methanolysis-based chemical recycling. Larger, publicly traded competitor with substantial capex, established offtakes, and operational facilities that PolyCycle must compete against.
• BASF (ChemCycling): Global petrochemical major with the ChemCycling initiative to use pyrolysis oil from plastic waste as feedstock for new plastic production. Broader incumbent offering chemical recycling as part of a much larger chemicals portfolio.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 PolyCycle