PRISM™ Worldwide doubles investments for its patented rubber recycling process
PRISM™ – a recycled rubber and plastic innovation company based in Kirkland, WA, United States – reports that its first-of-its-kind process converts recycled tire rubber into fully functional, sustainable, like-new rubber, attracting $23.5 million in total capital investments since the company’s founding in 2019. The latest round of investment comes from Seattle-based Columbia Pacific Advisors and the Baty Family. The new investment will provide PRISM™ the capital to expand their operations as well as their research and development efforts. Based in Kirkland, Washington, PRISM™ Worldwide has developed a patented clean technology that converts 100% of end-of-life tires (ELT) into functional, sustainable, like-new rubber and plastic polymers. The resulting product is called PRISM Thermoplastic Rubber (PTR™) and is used in the manufacture of a number of rubber and plastic products. This unique process is the result of thirty years of research and refinement inspired by the path to sustainability in the circular supply chain.