{"id":14837,"date":"2023-03-23T19:31:32","date_gmt":"2023-03-23T18:31:32","guid":{"rendered":"https:\/\/www.investincotedazur.com\/?p=14837"},"modified":"2023-04-18T21:58:45","modified_gmt":"2023-04-18T19:58:45","slug":"nice-earthwake-enterprise-raises-2-2-million-euros","status":"publish","type":"post","link":"https:\/\/www.investincotedazur.com\/en\/nice-earthwake-enterprise-raises-2-2-million-euros\/","title":{"rendered":"Nice: Earthwake Enterprise raises 2.2 million euros"},"content":{"rendered":"\n
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Earthwake Entreprise, based in Nice, has successfully raised 2.2 million euros to develop its innovative pyrolysis solution for valorizing hard-to-recycle plastic waste.<\/p>\n\n\n\n

Created in 2020 by Samuel Le Bihan and Fran\u00e7ois Danel, the startup has attracted renowned investment funds such as WISEED<\/a>, Rothschild & Co, Creazur, and CMA CGM, as well as historical banking partners BPI and Banque Populaire M\u00e9diterran\u00e9e.<\/p>\n<\/div>\n<\/div>\n\n\n\n

The stakes are high, as if the demand for plastic materials continues on its current trajectory, the volume of plastic waste will triple in the coming years, while only 16% of plastics are currently recycled globally. <\/p>\n\n\n\n

Therefore, Earthwake Entreprise has developed a patented technology, Chrysalis\u00ae1, which offers a more virtuous alternative to landfill and incineration by enabling the production of raw materials for petrochemistry or low-carbon footprint fuel for the transportation sector.<\/p>\n\n\n\n

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