Niutech Energy Ltd is a Jinan, Shandong–based provider and operator of recycling solutions for waste plastics and scrap tires. The company develops, markets and operates commercial‑scale recycling plants based on patent‑protected proprietary technology that converts used tires and waste plastics into fuel oil, carbon black and steel. Its technology is already deployed in commercial plants across Asia and around the world, including Europe, Southeast Asia and China. Niutech recently entered a joint venture with Zhejiang Youbang Energy Development Co. Ltd. to build and operate a plastic recycling plant in Fuyang City, Zhejiang province, where it will own 55%. The JV has initial capitalization of US$3.3m and the plant will have an initial processing capacity of 20,000 tons of waste plastic with an expected output of 50,000 barrels of fuel oil per annum. The plant is expected to start operating under Niutech’s management before the end of the year.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2010