Miranda Wang
Author: ROLEX
2023

Miranda Wang

Molecular Biologist/Entrepreneur

NOVOLOOP’s new loop: rethinking the plastic cycle

meet miranda

Miranda Wang is a climate tech entrepreneur en route to transform the chemical value chain through advanced upcycling for plastics. She is the co-founder and CEO of Novoloop, an emerging pioneer in plastic circularity that transforms the most commonly produced yet least recycled plastic trash into the world’s first chemically upcycled performance materials. Born in China, Miranda grew up in Canada and studied molecular biology, philosophy, and engineering entrepreneurship. Her work in the plastics circular economy field began in high school after visiting the Vancouver South Waste Transfer Station, as featured in the documentary In Love With A Problem. Miranda’s career has been widely recognized by a number of organizations and awards.

NOVOLOOP’s new loop: rethinking the plastic cycle
Nominated by: Nancy Rosenthal MR'11
Class of 2023 Location California, USA
Author: ROLEX

Today, people have a love-hate relationship with plastics. What was invented about a century ago has enabled our modern daily lives, yet it is so destructive. More than 90% of plastics have been destined for landfill or incineration. For many decades, efforts have been to address this conflict, but systemic changes were perceived as impossible, and we have dealt with stepwise changes that were not able to catch up with the scale and speed of the industrialization of plastic production. We must be so uncreative to run out of ideas for using these materials that we just crush and bury them! I feel fortunate that I live at the breaking point of this older and more conservative mentality, and I see the beginning of a new industrial generation that focuses on harmonizing the benefits of industry with the healthy existence of life on this planet.

“As an entrepreneur, I see a greater purpose in harmonizing profits with impact and showing that it is possible for one of the dirtiest industries to change and evolve into one that is a net benefit for people and the planet.”

- Miranda Wang

Building a circular economy for plastics means fundamentally changing the relationship between people and polymers, from owning and discarding (linear life cycle) to borrowing and repurposing (circular life cycle). It means keeping plastics out of the environment by creating virtuous cycles with it so that we can use the waste buried on the surface of the planet as our carbon source and not depend on fossil fuels. Achieving this would create the next evolutionary step for synthetic materials and set up the next phase of the modern age, where we not only have material solutions to our everyday problems but they also exist in self-containing loops just like the elements of nature that have, for a much longer time, been on this planet. As an entrepreneur, I see a greater purpose in harmonizing profits with impact and showing that it is possible for one of the dirtiest industries to change and evolve into one that is a net benefit for people and the planet.

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