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Alterra Energy
Uses patented thermochemical recycling to convert 60 tons of plastic waste daily into petrochemicals for new plastics
About Alterra Energy
Alterra Energy is a pioneering company in the field of plastic recycling and sustainability. The company operates in the environmental technology market, focusing on converting discarded plastics back into their original building blocks. This process allows the creation of new plastics and other valuable products, effectively contributing to a circular economy where plastics are continuously reused rather than discarded.
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Alterra Energy serves a diverse range of clients, including consumers who demand products made from recycled materials and manufacturers seeking sustainable solutions to meet their environmental goals. By addressing the global imperative of plastic reuse, Alterra helps these clients minimize their reliance on fossil fuels for plastic production, thereby supporting broader sustainability initiatives.
The business model of Alterra Energy revolves around its proprietary plastic circularity process. This innovative technology enables the company to transform hard-to-recycle plastics into reusable resources. The company makes money by selling the renewed plastics and other valuable by-products generated from this process. Additionally, Alterra may generate revenue through partnerships with manufacturers and other stakeholders who are committed to sustainability and reducing plastic waste.
Alterra Energy's operations are anchored by a multidisciplinary team of experts in engineering, operations, and strategy. The company has built the first truly continuous plastic circularity plant in Akron, demonstrating the feasibility and scalability of its technology. This plant serves as a model that can be replicated globally, allowing other regions to adopt similar sustainable practices.
In summary, Alterra Energy is at the forefront of transforming the plastic recycling industry with its cutting-edge technology and commitment to sustainability. The company not only addresses the environmental challenge of plastic waste but also creates economic value through its innovative processes.
At a glance
- Status
- Operational
- Founded
- 2020
- Headquarters
- Akron, United States
- Employees
- 141
- Open positions
- None listed
- Dealroom signal
- 67.8/100
- Sub-industry
- Waste Solution
- Sector
- Energy, Recycling, Plastic, Waste Reduction, Sustainable Development Goals, Plastic Pollution, Climate Tech, Circular Economy, Hard Tech, DT and LS, science-based
- Technology
- Hardware, Deep Tech
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning Alterra Energy.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Oct 2024 | $0 | — | Chevron Phillips Chemical · LyondellBasell Industries · Infinity Recycling | ↗ |
| EARLY VC✓Equity / VC | Jan 2021 | $0 | — | Neste | — |
Growth signals
Latest recorded traffic for Alterra Energy is 1.4K monthly website visits, down 58.8% over the last three months. Alterra Energy's team grew 2.2% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A4 investors entered at this stage
Neste
Chevron Phillips Chemical
LyondellBasell Industries
Infinity Recycling
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Alterra Energy on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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