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Alterra Energy

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Uses patented thermochemical recycling to convert 60 tons of plastic waste daily into petrochemicals for new plastics

Akron, United StatesFounded 2020Energy
Headcount 100–500 Current team size
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Alterra Energy and the history behind them.

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.

Source: Dealroom company data

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.

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Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VCEquity / VC Oct 2024 $0 Chevron Phillips Chemical · LyondellBasell Industries · Infinity Recycling
EARLY VCEquity / VC Jan 2021 $0 Neste
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Growth signals

Alterra Energy website traffic

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.

Latest monthly visits1.4K 3-month web change-58.8% 1-year team growth+2.2%
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Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investors

4 investors on the cap table

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
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

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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