The Work Index by Flexa

Novoloop

Novoloop is a company dedicated to transforming plastic waste into high-performance materials, promoting a circular economy and reducing environmental impact.

https://www.novoloop.com/
5.6

/10

Transparency ranking

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Description

Novoloop is a venture-backed company focused on creating a circular economy for plastics. They utilize their proprietary Accelerated Thermal Oxidative Decomposition (ATOD) technology to transform hard-to-recycle plastic waste, such as bags and packaging, into high-performance materials. Their “Lifecycling™” platform creates virgin-quality polyol and TPU using post-consumer content, reducing carbon emissions by up to 41% compared to traditional methods. Their "Recycling+™" platform upcycles post-industrial manufacturing scrap to create enhanced compounds that outperform conventional recycled materials.

Novoloop has partnered with companies like On and Bemis to create innovative products using their Lifecycled™ and Recycled+™ materials, demonstrating their commitment to driving a more sustainable future. They are currently scaling up their first commercial Lifecycling™ facility to meet the demands of the footwear, electronics, and automotive industries. Novoloop's mission is to address the plastic waste crisis and provide solutions that enable businesses to transition to a circular economy.

Flexibility

Novoloop does not explicitly mention job flexibility on their website or in their job postings. The information provided does not indicate whether they offer remote work, flexible hours, or other work arrangements.

Benefits

Novoloop's website mentions their commitment to employee growth and development, indicating a supportive environment for learning and professional advancement. While specific benefits aren't explicitly detailed, the focus on employee well-being suggests a competitive package may be offered. Further details regarding health insurance, retirement plans, paid time off, or other perks would need to be researched from internal sources or employee testimonials.

Mission

Novoloop is a company dedicated to creating a circular economy for plastic waste. They envision a world where materials are constantly recycled and reused, eliminating the need for landfills and minimizing the environmental impact of plastic production. Their innovative Lifecycling™ platform chemically breaks down non-recyclable plastic waste into its molecular building blocks, which are then used to create high-quality, performance materials. Additionally, their Recycling+™ platform uses post-industrial TPU scrap to create enhanced compounds that rival the performance of virgin materials. Novoloop is committed to creating a waste-free world through their groundbreaking technology and partnerships with leading brands in various industries.

Disruptor
Environmental impact driven
Science and research driven
Social impact led
Soonicorn
Sustainability
Tech for good

Culture

Novoloop cultivates a culture of innovation and sustainability, fostering a collaborative environment where employees are passionate about solving the plastic crisis. The company emphasizes growth and learning, supporting its team members in their development. With a strong focus on circularity and environmental responsibility, Novoloop attracts talented individuals who are driven to make a positive impact on the world.

Agile and dynamic
Entrepreneurial
Fast-paced
People-first
Progressive
Supportive

DE&I

Novoloop is committed to building a diverse, equitable, and inclusive workplace that reflects the world we live in. They believe in creating a culture where everyone feels valued, respected, and empowered to contribute their unique perspectives and talents. Novoloop actively seeks to recruit and retain a workforce that represents a broad range of backgrounds, experiences, and identities, and they are constantly working to foster a supportive and inclusive environment where everyone can thrive.

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