Dutch-based DOPS Recycling Technologies bags €300K loan from Innovation Fund Noord-Holland
Beverwijk, the Netherlands-based DOPS Recycling Technologies, a startup developing a circular technology for converting complex waste flows into raw materials for new products, announced on Tuesday that it has received a convertible loan of €300K from the Innovation Fund Noord-Holland.
In a statement translated from Dutch, Roeland Jan Dijkhuis, co-founder of DOPS Recycling Technologies, says, “With our technology, we want to make a real contribution to making the use of raw materials circular. At the same time, we deliver a significant reduction in global CO2 emissions with our technology.”
The investor!
Innovation Fund Noord-Holland is an initiative of the Province of Noord-Holland, the University of Amsterdam, the Amsterdam University of Applied Sciences, Amsterdam UMC, Sanquin, and the Free University, with support from the EU through the European Regional Development Fund.
Government officials in the EU have agreed to launch an “EU Next Generation” recovery programme in response to the Corona pandemic. This includes the REACT EU initiative, which is one way the EU is promoting a resilient, ecological, and digital revival of the local economy.
Additionally, money from the REACT EU programme was given to the Innovation Fund. The Fund assists business owners in the Province of Noord-Holland by providing funding for proof-of-concept innovations. Convertible loans are also provided by the Fund.
Direct Carbon Immobilisation technology
Founded in 2021 by Roeland Jan Dijkhuis, Harmen Oterdoom, Wiebe Pronker, and Michiel Spits, DOPS Recycling Technologies develops technology that separates waste and biomass into usable (clean) molecules in the gas and/or solid form in a patented thermochemical reactor.
Compared to garbage incineration, this drastically minimises greenhouse gas emissions and lets molecules stay in use for longer.
The building of a laboratory reactor (TRL4-5), which is scheduled for commissioning in December 2022, is the first stage of the Proof-of-Concept project. The reactor’s goal is to increase public trust in the technology and accelerate its development.
To show the technology’s acceptance range, trials with various waste streams will be carried out. The results of the tests with the laboratory reactor are expected in the first quarter of 2023.
After the goals of the first series of tests with the laboratory reactor have been achieved, the design of a so-called pilot installation will start with the help of the second provision. The pilot reactor will be so large that it already has an industrial scale for some applications.