BASF Canada, Smith Falls, Ontario, selected Pyrowave, a Montreal, Quebec-based plastics microwave recycling business, as the winner of its startup challenge hosted at the Chemistry Industry Association of Canada’s (CIAC) Good Chemistry Conference in Ottawa.
“Tapping into the innovation of the startup community will help to drive the entire chemistry industry forward,” says Marcelo Lu, president of BASF Canada. “Startups are future-focused and will help to solve some of societies’ biggest challenges. BASF shares that commitment and supports members of Canada’s innovation community like Pyrowave.”
A variety of digital and innovation-focused startups were considered, with the top four companies tasked with pitching business solutions for evaluation by an industry-focused judging panel live at the conference. The evaluation criteria included strategic fit to chemical-related markets, innovation, business plan, global scalability and presentation. In addition to receiving $20,000, Pyrowave will meet with CIAC member companies to evaluate a potential future partnership.
“We are proud to see support from the industry for leading technologies and a strong commitment to make plastics more circular,” says Jocelyn Doucet, CEO of Pyrowave.
Pyrowave’s patented technology helps convert locally mixed plastics, including polystyrene, into products to be used by the chemical industry to manufacture new plastics.
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