Halocycle, a pioneering UK company in PVC recycling, has gained significant recognition after being awarded KPMG’s UK Tech Innovator 2024.
- This award has propelled Halocycle’s exposure, connecting them with other innovators and attracting international interest.
- Halocycle’s CEO, Dr. Henrietta Boyd, shares her experiences and strategic outlook following this prestigious acknowledgment.
- The company’s core focus remains on sustainability and circular lifecycle solutions for plastics.
- Future plans include expanding operations and addressing plastic waste on a commercial scale across Europe.
Halocycle, based in Hull, has been at the forefront of advanced recycling technology, specifically targeting PVC and other chlorine-containing plastics. The company’s efforts in providing innovative solutions have earned them the accolade of KPMG’s UK Tech Innovator 2024. This recognition not only honors their innovative approach but also amplifies their visibility on a global scale.
Winning this competition has allowed Halocycle to establish valuable networks within KPMG and among other finalists. The exposure has been instrumental in attracting international interest, such as a German company keen on recycling a substantial quantity of PVC. Such opportunities might not have arisen without the platform KPMG provided.
Participating in the competition offered multiple advantages. According to Dr. Henrietta Boyd, the process encouraged the team to refine their presentation skills and receive constructive criticism from experienced judges. The competition’s scouts identified Halocycle as a significant innovator, highlighting its potential for notable achievements in the tech sector.
Dr. Boyd advises prospective entrants that the essence of their business and technology must be communicated succinctly. Preparing a concise three-minute pitch is crucial, allowing presenters to focus on delivery without time-related anxiety.
The experience at the Global Tech Innovator final was both challenging and enriching for Halocycle. The competition was professionally managed, providing participants with media exposure and the chance to pitch before esteemed judges. This global stage not only benefited the company but was also personally rewarding for Dr. Boyd, as her daughter humorously reacted to the mention of professional makeup. The experience has been key in generating significant business interest.
Sustainability remains at Halocycle’s core. Dr. Boyd’s lifelong commitment to environmental issues drives the company’s focus on creating a circular lifecycle for plastics. While ESG (Environmental, Social, and Governance) metrics align naturally with Halocycle’s objectives, the broader business environment’s increasing ESG focus only aids the company’s mission.
For businesses looking to make an impact in sustainability, Dr. Boyd suggests starting as a B Corp to leverage existing frameworks and communities. This approach can guide companies to consider aspects that otherwise might be overlooked.
Looking ahead, Halocycle plans to raise funds to expand its team and construct its first commercial-scale recycling plant in the north of England by 2025. With rising demand for PVC recycling, the company’s initial focus on the UK might expand into Europe, where legislative environments could bolster their efforts.
Halocycle is set on a path to redefine recycling, leveraging recognition and its inherent sustainability focus to scale its impact internationally.
