News

Dec 13, 2024

Cyclezyme AB (publ.) announces today that the company has recently received several different types of plastic samples from companies around Sweden. This shows a growing interest in the market to find sustainable solutions for managing plastic waste. Cyclezyme will analyze and test the samples in its laboratory, which may create new collaboration opportunities and enable the development of recycling solutions for other types of plastic in addition to PET.

CEO's comment

Peter Falck, CEO of Cyclezyme AB, comments:

"It is very positive that we see increasing market interest in sustainable plastic recycling. The fact that companies are submitting different types of plastic samples for evaluation is a clear sign that more people are looking for solutions to reduce plastic waste and that they are realizing that incinerating plastic is not sustainable or economical. We look forward to analyzing these materials in our lab and hope that this can lead to expanded opportunities for our enzyme platform."

Cyclezyme plans to evaluate the plastic samples in the coming months. In addition to PET plastic, other plastics will also be tested to investigate the potential to adapt Cyclezyme's technology to the recycling of other materials. These early studies may lead to Cyclezyme broadening its offering in enzyme-based plastic recycling to other types of plastic.

Cyclezyme AB (publ.) today announces that the optimization phase of the feasibility study on the degradation of PET plastic has been successfully completed. The results have shown that the enzyme can effectively pre-treat mixed plastic waste and selectively degrade PET plastic. This means that Cyclezyme is now moving on to the final phase of the feasibility study, scale-up of enzyme-treated plastic with subsequent pyrolysis of the plastic through so-called chemical recycling.

Peter Falck, CEO of Cyclezyme AB, comments:

"We are very pleased with the results from the optimization phase and agree with our partner Circular Venture that we are now ready to move on to the final part of the feasibility study. It is an important step towards establishing a sustainable solution for the management of mixed plastic waste through selective degradation of PET. If the results in the final part of the feasibility study show that enzymatic treatment of mixed plastic improves the quality of the recycled pyrolysis oil, this will open up opportunities for a commercial agreement."

Comment from Circular Venture AS
Geir Langeland, Chairman of the Board of Circular Venture AS, comments:
"I believe that Cyclezyme is at the forefront in Europe with its enzymatic platform. The collaboration with Cyclezyme has worked excellently so far. The company's enzymes and process for breaking down PET from consumer plastic show promising results. Phase 2 shows a basis for commercialization as a component in chemical recovery of consumer plastic. Phase 3 is a so-called proof of concept, which in turn can lay the foundation for an industrial pilot."

For more information:

Cyclezyme AB, Peter Falck,

CEO Tel: +46 (0)76 00 99 344

Email: peter.falck@cyclezyme.se

Cyclezyme is listed on the Spotlight Stock Market.

ABOUT CYCLEZYME

Cyclezyme's operations are focused on developing new methods and processes for plastic recycling through the use of advanced enzymes for the degradation and recycling of primarily PET-based plastic materials. The company was founded in 2020 and is headquartered in Lund. www.cyclezyme.se

Cyclezyme AB (publ.) presents newsletter for November 2024.

Peter Falck, CEO of Cyclezyme AB, comments on the latest progress in the newsletter below:

Dear Cyclezyme shareholders,

I am pleased to share several important advances that Cyclezyme has achieved recently. Our efforts to develop sustainable and efficient solutions for plastic recycling have taken great strides forward and positioned us even stronger for the future.

We have recently demonstrated that our modified enzymes can efficiently degrade colored PET plastic without the need for resource-intensive pre-treatment. This is a major advance that opens the door to circular recycling of plastics that were previously difficult or impossible to recycle. The results show that we can not only separate the dyes from the plastic but also deliver a high-quality recycled material – something that is crucial for food packaging and other premium applications.

As part of our long-term strategy, we have filed a new patent application to protect our unique enzyme technology. This patent covers both the high efficiency of our modified enzymes and the processes that enable large-scale manufacturing.

Our ongoing collaboration with Circular Venture AS, which aims to integrate our technology into chemical recycling processes, has reached the next phase. After promising results in the initial screening, we have now entered the optimization phase. We are focusing on maximizing the degradation of PET plastic in mixed waste streams – a crucial step in improving the quality of the pyrolysis oil produced in these processes. This project has the potential to solve major problems for the recycling industry and create business opportunities for Cyclezyme.

On November 19, Cyclezyme participated in Skåne Innovation Day 2024, where we presented our enzyme technology for food packaging recycling. The event gave us the opportunity to meet new potential partners and customers, as well as contribute to the discussion on how green technology can drive the circular economy forward.

Supported by new EU regulations that place higher demands on plastic recycling and a rapidly growing global PET market, Cyclezyme is ready to meet these challenges. Our solutions offer not only technical and environmental advantages, but also significant business opportunities. We look forward to continuing our journey towards commercialization and a more sustainable future.

Kind regards,
Peter Falck
CEO at Cyclezyme AB

Nov 15, 2024

Cyclezyme AB (publ.) today announces a significant success in recycling colored PET (polyethylene terephthalate) plastic – a type of plastic that poses particular challenges for the recycling industry. In laboratory tests, Cyclezyme's modified enzymes have effectively broken down colored PET and released dyes without the need for pre-treatment, opening up new opportunities for high-quality recycling of the plastic. Colored PET, which is used in a variety of packaging, is difficult to recycle as dyes cannot be separated through mechanical recycling. This means that the recycled plastic is often of low quality or used in products with lower requirements for appearance and purity, which limits its reuse value and often leads to it being incinerated instead.

"This is an important step for Cyclezyme and an opportunity for more efficient plastic recycling," says CEO Peter Falck. "We have previously shown that our technology works for transparent PET, and now we have also confirmed that the same enzyme technology works on colored PET – one of the industry's major challenges. Our method can convert colored plastic into pure materials without any residual dyes or additives, creating opportunities for products such as circular food packaging."

Cyclezyme's technology offers players in the plastics and packaging industry a tool to meet the demand for sustainable materials, while strengthening the possibility of efficient recycling. With this solution, Cyclezyme is ready to contribute to a more circular and economically sustainable plastic recycling, and these results mark an important step forward for the company and the industry. The technology reduces the need for resource-intensive pre-treatment processes and improves the potential for cost-effective recycling of even colored PET.

Cyclezyme AB (publ.) is proud to participate in this year's Skåne Innovation Day, which will be held on November 19, 2024 at Slagthuset in Malmö. The event has the theme "Green transition" and brings together companies, innovators and researchers to showcase new solutions for a sustainable future.

Cyclezyme will participate in the session "Food - Packaging", which takes place from 11:15 to 12:00. The company will present how the use of enzymes can make plastic recycling both more sustainable and efficient, with a focus on reducing environmental impact and increasing the reuse of plastic materials in the food industry.

For more information about the event and registration, visit utveckling.skane.se

For more information:

Cyclezyme AB, Peter Falck,

CEO Tel: +46 (0)76 00 99 344

Email: peter.falck@cyclezyme.se

Cyclezyme is listed on the Spotlight Stock Market.

ABOUT CYCLEZYME

Cyclezyme's operations are focused on developing new methods and processes for plastic recycling through the use of advanced enzymes for the degradation and recycling of primarily PET-based plastic materials. The company was founded in 2020 and is headquartered in Lund. www.cyclezyme.se

Cyclezyme AB (publ.) today announces that the initial phase of the feasibility study, in collaboration with Circular Venture AS, has been completed according to plan. After a successful screening, the project now enters the next phase – the optimization phase.

CEO Peter Falck comments:

"We are very pleased with the results we have achieved so far in the feasibility study. Both Cyclezyme and Circular Venture agree that the results from the initial evaluation of our enzyme technology show great potential. Therefore, we have decided to continue with the next step of the project – the optimization phase. Our goal is to optimize the degradation of the PET plastic, which is crucial to removing as much PET from mixed plastic waste as possible. The problem of mixed plastic is a major challenge in the recycling industry, and we are approaching a solution with the results we have generated so far."

The feasibility study, which began in August 2024, aims to investigate the possibilities of using Cyclezyme's enzyme technology to break down PET plastic in waste streams to be recycled via pyrolysis. An important part of this work is to solve the problems that PET causes in chemical recycling, as it degrades both the recycling process and the quality of the pyrolysis oil produced.

For more information

Cyclezyme AB, Peter Falck CEO

Cyclezyme AB (publ.) held a well-attended information meeting for its shareholders yesterday, where the company had the pleasure of showcasing its advanced development laboratory. During the meeting, the latest progress was presented to the shareholders, who showed great interest and commitment. It also created a discussion about future opportunities and strategic initiatives to further strengthen the company and find new opportunities.

Peter Falck, CEO of Cyclezyme AB, comments on the latest progress in the newsletter below:

Dear Cyclezyme shareholders,

We have recently achieved a groundbreaking breakthrough in our core technology. Cyclezyme has developed a new enzyme that efficiently degrades commercial packaging PET (polyethylene terephthalate) with minimal pre-treatment. Our modified enzymes are three times more efficient than comparable commercial enzymes and can degrade PET in water alone. This not only simplifies the recycling process, but also significantly reduces its environmental impact.

We have initiated our first feasibility study with Circular Venture AS, a Norwegian research and investment company in the chemical recycling of plastics through pyrolysis. Through this collaboration, Cyclezyme will investigate the possibility of breaking down PET plastic in waste to be recycled via pyrolysis. This is an important step towards solving a major problem in the waste industry, where PET plastic often makes efficient recycling difficult or impossible. We look forward to exploring this opportunity and hope that this will lead to the commercialization of our modified enzymes, especially in light of the new EU legislation that places higher requirements on the recyclability of plastic packaging.

Our business model is built on a methodical and structured approach to developing and commercializing our solutions. We initiate feasibility studies with various actors according to a three-step process: screening, optimization and scale-up. This process ensures that we can adapt and refine our technology in close collaboration with potential customers and partners, leading to stronger business relationships and better conditions for success.

Protecting our intellectual property is another key part of our strategy. We are actively pursuing patents for both our enzymes, the manufacturing processes for them, and the process of breaking down PET plastic itself. By establishing broad patent protection, we create long-term competitive advantages and position Cyclezyme for future growth.

The timing of our work could not be better. New EU legislation will drive demand for recyclable plastic packaging and recycled materials. With the global PET market expected to grow from 101 million tonnes in 2025 to 186 million tonnes in 2050, new technological solutions for recycling will be crucial to manage this growth and ensure the transition to a circular economy.

Kind regards,

Peter Falck

CEO at Cyclezyme AB

Apr 12, 2024

Cyclezyme AB (publ.) is proud to announce its participation in the final phase of REACH, a Silicon Valley-based incubator program that aims to strengthen Nordic research-based technology projects and spin-outs with international ambitions and potential.

The program has spanned six months with two acceleration phases and an intensive mentoring program, focused on accelerating and reducing risks in the implementation of startup or commercialization projects. Between April 15-19, 2024, Cyclezyme will participate and present its plastic recycling technology in the REACH program acceleration phase in Palo Alto, California, USA.

CEO Comments: “Participating in the REACH program on-site in Palo Alto not only gives us an opportunity to dive deeper into Silicon Valley’s innovative ecosystem,” said Peter Falck, CEO of Cyclezyme. “We can also explore emerging trends such as the use of AI in Life Sciences, as well as identify opportunities in the US market when it comes to plastic recycling.”

For more information:

Cyclezyme AB, Peter Falck,

CEO Tel: +46 (0)76 00 99 344

Email: peter.falck@cyclezyme.se

Cyclezyme is listed on the Spotlight Stock Market.

ABOUT CYCLEZYME

Cyclezyme's operations are focused on developing new methods and processes for plastic recycling through the use of advanced enzymes for the degradation and recycling of primarily PET-based plastic materials. The company was founded in 2020 and is headquartered in Lund. www.cyclezyme.se

Apr 2, 2024, 3:00 PM

Cyclezyme AB (publ) ("Cyclezyme" or the "Company") announces the completion of its laboratory, equipped with the latest advanced technology for analyzing products from plastic degradation. The new laboratory facilitates the development and optimization of enzymatic recycling solutions, underscoring Cyclezyme's commitment to providing an energy-efficient way to recycle plastic waste.

CEO Comments: "The completion of our advanced laboratory marks a significant milestone for Cyclezyme," said Peter Falck, CEO of Cyclezyme. "The completed laboratory enables the entire workflow, from manufacturing our own enzyme to analyzing end products from plastic recycling, to be carried out in our own premises, which will be of great help when optimizing our processes. We are taking an important step towards continuing/initiating discussions with potential customers or partners and towards our long-term goal of transforming the plastic recycling industry and contributing to a more sustainable future."

For more information about Cyclezyme and our innovative recycling solutions, visit www.cyclezyme.se.

For more information, please contact:

Peter Falck, CEO

Cyclezyme AB

Email: peter.falck@cyclezyme.se

Phone: 076-0099344

About Cyclezyme

Cyclezyme's operations are focused on developing new methods and processes for plastic recycling through the use of advanced enzymes for the degradation and recycling of primarily PET-based plastic materials. The company was founded in 2020 and is headquartered in Lund.