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Nantek
Specializes in energy generation and environmentally-friendly products from mixed-plastic waste for industrial applications
About Nantek
Nantek is a Spanish company operating in the renewable energy and recycling sectors, focused on converting plastic waste into valuable resources for the energy and petrochemical industries. The company was founded in 2019 by Carlos Uraga and Mikel Azcona, following research into the potential of nanoelements in pyrolysis, the process of transforming plastic into petrochemical products. Uraga, an industrial engineer, began exploring this technology during his final career project, eventually leading to the creation of Nantek.
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The company's core business revolves around a proprietary chemical process that transforms non-recyclable plastic waste into second-life products like pyrolysis oil, hydrogen, and methane. This process can handle mixed and unwashed plastics, eliminating the need for costly sorting and preparation, which gives it an advantage over other technologies. Nantek's business model involves selling this pyrolysis oil to refineries, which then convert it into fuels for automotive, marine, or heating applications. The company's clients are primarily in the oil and gas industry, and it is working on becoming a certified supplier for this sector.
Nantek has developed a unique reactor design and uses specific reagents to enhance the conversion ratio of plastic to fuel by approximately 15-20% compared to conventional pyrolysis methods. This thermochemical process is a closed cycle with no emissions, as non-condensable gases are recirculated to heat the reactor. The company is scaling its operations with the construction of a plant in the port of Bilbao, designed to process 25,000 tons of plastic waste annually. This facility represents a key step in their plan for international expansion, with a focus on Europe and the United States. Nantek has received recognition for its work, including the EmprendedorXXI Award.
At a glance
- Status
- Operational
- Founded
- 2019
- Headquarters
- Erandio, Spain
- Employees
- 6
- Open positions
- None listed
- Dealroom signal
- 66.5/100
- Industry
- Energy
- Sub-industry
- Waste Solution
- Sector
- Energy, Recycling, Plastic, Waste Reduction, Sustainable Development Goals, Plastic Pollution, Climate Tech, Circular Economy
- Business model
- Manufacturing
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning Nantek.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| GRANT✓Other financing | Jan 2020 | $30K | — | Basque Government | — |
| GRANT✓Other financing | Jan 2020 | $54K | — | Provincial Council of Bizkaia | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Nantek is 780 monthly website visits, up 23.8% over the last three months. Nantek's team grew 20% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Basque Government
Provincial Council of Bizkaia
Other known investors6 additional known investors
BIC Bizkaia
BEAZ
BIND - Basque Open Innovation Platform
Q-Branch
Seed Capital Bizkaia
Yago Arbeloa
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Nantek 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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