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PolyFuel

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Company dealing in direct methanol, portable fuel cell membrane technology

Mountain View, United StatesEnergy
Total funding $10–50M Disclosed equity funding
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About PolyFuel

PolyFuel, LLC operates within the waste-to-energy sector, focusing on the chemical conversion of plastic waste into a synthetic crude oil product named PolyCrude®. The company was established by CEO Richard D. Holub and CTO Charles W. Grispin to address the environmental problem of non-recyclable plastic accumulation in landfills. Grispin, a chemist and engineer, is an authority on polymer pyrolysis, having developed the company's core technology over more than three decades of hands-on work in process design and high-temperature metallurgy. Holub's background is rooted in the recycling industry, stemming from his family's scrap metal business, and he has dedicated over a decade to advancing plastic-to-fuel pyrolysis technologies.

The firm's business model centers on deploying its proprietary technology, 'The Grispin Process™', a form of anaerobic pyrolysis that operates in an oxygen-free, catalyst-free environment. This method breaks down unsorted, previously non-recyclable plastic waste into a valuable synthetic crude. A key feature of this process is its efficiency; non-condensable gases produced during pyrolysis are captured, cleaned, and reused to heat the system, minimizing external energy inputs. The primary output, PolyCrude®, is a low-sulfur synthetic oil that can be sold directly or further refined on-site into higher-value transportation fuels, including ultra-low sulfur diesel, Jet-A fuel, and gasoline blendstocks.

PolyFuel's operational facilities are designed for scalability to meet the demands of municipalities and private enterprises, positioning itself as a solution for entities pursuing 'zero-landfill' initiatives. A standard four-vessel facility is engineered to process 240 tons of plastic waste per day, yielding approximately 1,200 barrels of petroleum products, which translates to over 440,000 barrels annually. The company targets clients such as waste management organizations, landfill operators, and large industrial producers of plastic waste, offering a tangible method to create a circular economy by transforming a significant environmental liability into a marketable asset.

Source: Dealroom company data

At a glance

Headquarters
Mountain View, United States
Sector
Energy

Investors

5 investors on the cap table

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Series A5 investors entered at this stage

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Source: Dealroom Talent Intelligence.

Global footprint

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Workforce by country
🇺🇸 United States · Mountain View HQ
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Market sentiment

Posts on X, past 7 days

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