Blue Cycle, a groundbreaking plastic recycling company based in Heerenveen, Netherlands, has declared bankruptcy. Established in late 2022, the company made headlines as the first in the nation to convert plastic waste into oil, offering an innovative solution to the growing plastic waste crisis. However, despite its technological success, Blue Cycle succumbed to mounting financial challenges, halting operations less than two years after its inception.
The plant began operations in 2023 under the leadership of founder Nico Vos, aiming to redefine recycling by transforming non-recyclable plastic waste into reusable oil. The facility showcased the viability of its cutting-edge process,…
