The co-founder and CEO of California-based tech startup Novoloop, Miranda Wang was a recipient of the Rolex Awards for Enterprise in 2019 (Photo: Bart Michiels/Rolex)
Cover The co-founder and CEO of California-based tech startup Novoloop, Miranda Wang was a recipient of the Rolex Awards for Enterprise in 2019 (Photo: Bart Michiels/Rolex)
The co-founder and CEO of California-based tech startup Novoloop, Miranda Wang was a recipient of the Rolex Awards for Enterprise in 2019 (Photo: Bart Michiels/Rolex)

Rolex Awards for Enterprise recipient for 2019 Miranda Wang shares how her childhood in Canada inspired her passion to fight against the damage caused by plastics

Global plastic consumption soared to over 430 million tonnes in 2020, nearly doubling since 2000, and this upward trend is projected to continue, according to the intergovernmental group Organisation for Economic Co-operation and Development. Alarmingly, scientists estimate that only about 9 per cent of plastic waste is recycled each year.

Addressing this pressing issue is Novoloop, a California-based recycling start-up co-founded by Miranda Wang. Over the past nine years, it has honed an innovative technology called Accelerated Thermal Oxidative Decomposition (ATOD). This pioneering method can break down plastic at a molecular level, transforming it into high-value materials suitable for creating various products, including footwear, clothes and electronics.

Above A documentary about Wang’s entrepreneurship journey co-founding the tech startup (Video: Rolex Awards for Enterprise/YouTube)

The company’s technology is designed to process polyethylene, one of the most prevalent types of plastic in consumer goods. It is used to make products like plastic packaging, bags and containers such as shampoo bottles and milk jugs. The company decided to target this specific plastic after discovering from various waste management facilities that it is challenging to sell, which makes them reluctant to recycle it.

This year, its pilot plant in India successfully started operating in partnership with Aether Industries, a speciality chemicals manufacturer. It can train personnel and develop protocols for larger-scale commercial operations in the future—essentially, multiple facilities operating around the clock. “Ultimately, that’s what makes the impact,” Wang tells Tatler. “If you want to create processes that are removing waste, taking waste and turning it into usable things, that cannot be done by humans; that is done by industrial facilities.”

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“It was wrong”

After moving to Vancouver from mainland China at age six, nature became a significant part of Wang’s family life. They spent summers camping and winters skiing, all while living in a city rich in natural beauty. Her awareness of sustainability truly blossomed when she joined a volunteer club at Magee Secondary School and needed to recycle beverage containers. “That was where I met teachers who instilled in me the realisation that there are many problems and we have a role in doing something about it,” Wang says.

At about the age of 16, Wang visited the Vancouver South Waste Transfer Station, where she was taken aback by the sheer volume of plastic being sent to landfills—especially in a city she believed to be environmentally conscious. This eye-opening experience fuelled her passion for activism: “I could not believe people around the world are just going about their lives like normal—like this is a perfectly unsolvable or acceptable reality. I just thought it was wrong.”

Wang, in Grade 12, began to seek solutions during the science contest Sanofi Biogenius Canada Competition. Under the guidance of their mentors from the University of British Columbia, she and her friend Jeanny Yao, her Novoloop co-founder, discovered bacteria in the Fraser River, the longest river in the province, that is capable of breaking down a component of plastic called phthalates. This discovery won them an award and caught the attention of Ted, the non-profit organisation that hosts international conferences featuring influential speakers.

Tatler Asia
(Photo: Bart Michiels/Rolex)
Above Wang and her co-founder Jeanny Yao, who is also her childhood best friend, in a laboratory (Photo: Bart Michiels/Rolex)
(Photo: Bart Michiels/Rolex)

As first-year science students, Wang and Yao received an invitation from Ted to give a speech at its event in Long Beach, California, in 2013. “This event was meaningful to me because it is where Elon Musk, Bono and the co-founders of Google [Larry Page and Sergey Brin] presented their ventures. Being in the company of these titans of the world made us realise everybody starts out where we were: as high-school students,” Wang says.

Their presentation led to a US$50,000 investment, allowing Wang to launch her company from her dorm room in 2015. She also attracted additional funding by joining various pitch competitions, including the Wharton Business Plan Competition. By 2016, she had successfully raised about US$600,000, paving the way for a move to California—a market she believed would encourage innovation.

Read more: She Loves Tech’s Rhea See on what the current investment landscape can learn from the way women build businesses

Turning ideas into reality

On the outskirts of San Jose, Wang set up the Novoloop’s first laboratory and began researching a biological method to use bacteria for degrading plastic. However, within three months, she realised this approach was not scalable. “It was really slow to culture bacteria on plastics. We realised that there needed to be a hard pivot if we wanted to solve the problem,” she recalls.

Exploring a biological approach appeared to be an attractive option at the time, especially given the potential for attracting funding due to the growing interest in the field. Ultimately, she prioritised the development of impactful technology over funding. In 2017, her team discovered an oxidation technology after being inspired by some work in academic literature shelved over 20 years ago. This chemical process could break down polyethylene, the type of plastic they target. Eventually, the start-up achieved its first proof of concept after conducting trials in a reactor in Arizona.

Fast-forward two years, the technology remained in the laboratory stage, not yet fully developed for broader use. “This is where you enter the valley of death, meaning that it’s the amount of resources you need to continue going to develop this technology is far more than what you may be able to attract,” says Wang.

Tatler Asia
(Photo: Bart Michiels/Rolex)
Above The laureates of the Rolex Awards for Enterprise in 2019, including Brian Gitta, Krithi Karanth, Gregoire Courtine, Wang and João Campos-Silva (Photo: Bart Michiels/Rolex)
(Photo: Bart Michiels/Rolex)

Enter Rolex, who saw the start-up’s potential. The watch brand honoured the then 25-year-old Wang as one of five laureates in the Rolex Awards for Enterprise, which are given to projects that focus on the environment, science and health, applied technology, cultural heritage and exploration. These projects are judged on their originality and the impact they have on the world, as well as what Rolex calls the candidates’ “spirit of enterprise”. It has also provided crucial funding for the company. As Wang puts it, Rolex sees the need to support promising, meaningful solutions that have yet to materialise.

The watchmaker has continued to back the entrepreneur and her company through the Perpetual Planet Initiative, which supports those who go above and beyond to safeguard and preserve the Earth for future generations. It has helped finance Novoloop’s demonstration plant, a manufacturing facility that is used to test whether the company’s chosen material construction and different specifications would work. 

Read more: Technology for good: Why former PR whiz Ellice Hendricks-Ng launched an app that empowers underprivileged kids in Malaysia

A “lonely” innovator

For Wang, the journey, of course, hasn’t been an easy one. “Being an innovator and explorer can be very lonely because you’re constantly choosing to be outside your comfort zone and trying to change other people. I’m trying to get people to buy materials made from waste that no one can use today; to convince companies that are manufacturing other goods to be my manufacturing partners and build brand new plants.”

She says winning people over mainly hinges on listening to and grasping different viewpoints. For Wang, this has been a continuous learning experience, primarily since there weren’t many existing models to guide her. For instance, she devised a plan to establish a demonstration plant with significantly lower capital through inventive partnerships in low-cost regions. This process took her all over the map to understand each location’s unique constraints, risks and opportunities.

Tatler Asia
(Photo: Bart Michiels/Rolex)
Above Wang picks up plastic waste at a beach in California (Photo: Bart Michiels/Rolex)
(Photo: Bart Michiels/Rolex)

Wang finds comfort in being part of a community of like-minded individuals dedicated to improving the planet, including fellow laureates recognised by Rolex. Though their fields may differ—some are cave explorers, while others are ocean divers—they share everyday struggles. “We’re all venturing into something mentally challenging every day. When we come together, somehow we all understand each other,” she says.

Read more: Top of Her Game: Irene Wong on turning failure into success, the evolution of her approach to sport and how table tennis helped her score her dream job in finance

Making a measurable impact

In less than ten months’ time, Novoloop will make its final investment decision for its first commercial facility. “We’re very close; we’re at the very precipice now of being able to achieve measurable impact with this technology,” Wang says. “This would be a profitable endeavour—to start mass producing the materials in our process. At that point, I would say it’s beyond philanthropic.”

Reflecting on her entrepreneurial journey from a secondary school student to an industrial technologist, Wang admits that navigating the changes and challenges has been “kind of painful”. The obstacles have become more daunting and the stakes higher. As the leader of the venture, she still needs to bite the bullet and rise to the occasion. What keeps her going is simply taking action rather than leaning on sources that might only offer a fleeting sense of hope: “A lot of people, especially young people, say, ‘The future is so hopeless.’ [This is] the depression you must fight every day because if you don’t try something different and take risks, you will feel like it’s hopeless. It’s the trying that gives you hope.”

“It’s not good enough that plastics are not being recycled. It’s not good enough that the world is experiencing climate change that will drive mass migrations of billions of people within our lifetimes. Ultimately, it has to be the voice in your head that gives [you] purpose.”

Front & Female Changemakers celebrates the extraordinary journeys of inspiring women who have emerged as powerful changemakers in a range of fields, offering a glimpse into their lives and showcasing their courage, vision and relentless pursuit of change and progress. From social entrepreneurs and business leaders to educators, artists, activists and scientists, Front & Female changemakers exemplify the ability to challenge the status quo and demonstrate the power of women to effect change.


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