Revolutionizing Circular Economy: Cyclyx’s Groundbreaking R&D Takes the Lead

Cyclyx International has emerged as a trailblazer in the pursuit of a circular economy. With recent developments, including a final investment decision for their Circularity Center, the company is making waves in the recycling industry through innovative research and development efforts.

The New Hampshire-based venture has announced a final investment decision to build the first Cyclix Circularity Center (CCC) in Houston. The facility is designed to accept and process plastics for use in a range of recycling technologies.

“This milestone is evidence of the real progress we are making to increase the circularity of plastic waste as a resource,” says Cyclyx CEO Joe Vaillancourt. “The first-of-its-kind CCC in Houston will serve as a blueprint, which we can replicate across the U.S. to progress our long-term goal of increasing the recycling options for plastic waste. Cyclyx is proud to be an innovator and enabler for unlocking plastic’s potential.” 

Cyclyx’s commitment to a circular economy is evident in their strategic investments and cutting-edge R&D initiatives. The CCC, a testament to their vision, is poised to redefine the future of recycling.

At the core of Cyclyx’s R&D endeavors is a comprehensive understanding of the recycling process. Their innovative approach involves leveraging advanced technologies to optimize the collection, sorting, and processing of recyclable materials. By employing data-driven insights and state-of-the-art systems, Cyclyx aims to create a closed-loop system that minimizes waste, maximizes resource efficiency, and promotes a sustainable circular economy.

The CCC serves as a hub for collaborative efforts, bringing together industry experts, innovators, and stakeholders to drive the development of groundbreaking recycling technologies. Cyclyx’s holistic approach involves fostering partnerships that transcend traditional boundaries, creating a network of like-minded individuals and organizations dedicated to advancing the circular economy agenda.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

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