Nantek

nantek.tech ↗ ·Bilbao ·Pre-seed

Nantek is a Basque cleantech company that uses a proprietary catalyst-free pyrolysis process with nano-elements to convert non-recyclable, mixed and unwashed plastic waste into pyrolysis oil, synthetic fuels, hydrogen and methane for the energy and petrochemical industries. Founded in 2019 by Carlos Uraga and Mikel Azcona, it operates an industrial unit at the Port of Bilbao (~25,000 t/year capacity) and in December 2025 was awarded a contract by Córdoba's municipal waste company Sadeco to build a plant with up to €65M of investment (€22M phase one, starting H2 2026). It holds ISCC/ISCC PLUS certification, won the Premio Emprendedor XXI in the Basque Country, and has offices in Bilbao, Córdoba and Dubai.

Founded
2019
Founders
2
Total funds raised
€350K
Rounds
1
Investors
4
Last round
Apr 2021
SectorsEnergy & Climate, Cleantech, Circular Economy, Waste Management & Recycling, Deeptech & Hardware, Chemicals Start-up MapEnergy & Climate › Waste valorisation & biomaterials

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Founders

Carlos Uraga
CEO & Co-founder
Mikel Azcona Calero
Co-founder, R&D (nano-based materials)

Global models 5

Brightmark
United States · www.brightmark.com ↗
Builds and runs plants that pyrolyse mixed, hard-to-recycle plastic waste into fuels and circular feedstock, which it sells to energy and petrochemical buyers.
$500M+Comparable
Quantafuel
Runs pyrolysis plants that turn mixed post-consumer plastic waste into oil and synthetic feedstock for petrochemical offtakers such as BASF.
$200M+Comparable
Plastic Energy
United Kingdom · plasticenergy.com ↗
Builds industrial pyrolysis plants, including in Spain, that turn end-of-life plastics into ISCC PLUS-certified oil sold to petrochemical companies.
$150M+Comparable
Mura Technology
United Kingdom · muratechnology.com ↗
Converts mixed, unrecyclable plastic waste into synthetic oils and petrochemical feedstock at industrial plants, using hydrothermal processing instead of pyrolysis.
$120M+Comparable
Agilyx
United States · www.agilyx.com ↗
Develops and licenses pyrolysis-based chemical recycling plants that turn mixed plastic waste into synthetic crude and monomers for refiners and chemical companies.
$100M+Comparable

In the same niche 22 others

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Notes: Most funded first

Investors 4

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Funding rounds 1

DateRoundAmountLead

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