Abu Dhabi, UAE — September 2025
PYROCY is formally launched as an independent global platform for the development and operation of industrial plastic and tyre pyrolysis projects — structured as a joint-venture vehicle headquartered in the Abu Dhabi Global Market (ADGM), UAE.
The platform is built entirely on proven foundations. Its technology is designed, engineered, and manufactured by IncBio — a Portuguese industrial engineering firm with nearly two decades of experience in modular refinery systems and thermochemical conversion. Its operating reference is Fusão Enigmática, the plastic pyrolysis facility in Maia, Portugal, which has been in continuous industrial production since January 2025, processing real residual plastic streams and delivering commercial-grade pyrolysis oil under a secured offtake agreement.
PYROCY is not a startup launching a concept. It is the global commercial structure built around technology that already works, a plant that is already running, and a project pipeline that is already in development — including a signed MOU for a project in Kazakhstan and a second plant contract in Portugal.
The platform's model is straightforward: PYROCY develops jointly-owned industrial operations with local partners who bring feedstock access, land, and operational presence. PYROCY provides the technology, engineering, project development, and offtake framework. Every project is built to the same proven standard as the operating facility in Portugal.
The founding team brings together José Marques, CEO and Founder — the engineer behind IncBio and the architect of the Portuguese facility; Karl W. Feilder, Co-Founder — 18 years as CEO in sustainable biogenic fuels with institutional governance expertise; and Christian Tabet, Co-Founder — 28 years with BP including as CEO of BP Middle East & Africa, providing direct access to global fuel offtake networks and institutional capital in the Gulf.
With the platform now formally structured, PYROCY turns its full attention to international project development — targeting opportunities across Europe, MENA, Africa, and the Americas.
José Marques, CEO of PYROCY, stated: "We did not launch PYROCY to raise money for a concept. We launched it because the technology works, the plant runs, and the market opportunity is clear. Everything we present to partners and investors is drawn from operational reality — not from a model."