Founding of enespa Appenzell CH by Cyrill Hugi

The initial intention was to reduce CO2 emissions from heating systems. This was achieved using a ceramic tube that created a Venturi effect in the combustion chamber. This process was supported by electronic control.

Further development of enespa ag in partnership with Stefan Abele

Anyone who tries something new initially finds that few people believe in the business idea. Stefan Abele (d. Nov. 2024) was one who believed in Cyrill Hugi's idea from the very beginning. This partnership lasted over 20 years.

The two started with projects in the field of decentralized energy. They abandoned these ideas and came up with a new plan. They wanted to solve a global problem: plastic waste. Because there was no circular economy for mixed plastics yet, they decided to get involved in development themselves. With the support of university professors and financed with their own resources.

enespa ag issues the first bond

The plastic waste problem and the resulting solutions quickly aroused interest among potential investors and contributed to a successful bond placement.

This enabled further development of plastic pyrolysis to be financed. Until this point in 2017, Cyrill Hugi had largely financed enespa from his own resources.

The Swiss Financial Market Supervisory Authority (FINMA) is blocking the activities of enespa ag.

Due to formal errors, we were not allowed to conduct any business activities for approximately 18 months.

This challenging event made us wiser and stronger and at the same time motivated us to win this entrepreneurial battle for survival.

The financial restructuring of enespa ag is successfully completed.

Our biggest crisis to date was successfully overcome. Our bondholders played a significant role in this successful outcome. Their loyalty and commitment helped us create a solid financial foundation during this challenging period, making enespa fit for the future.

Founding of enespa ag Balzers, Liechtenstein.

The public limited company in Balzers, Liechtenstein, finances the development of our facilities and projects through the issuance of bonds.

First oil sale

• First oil sale by enespa oil gmbh from three pilot plants with a capacity of 1 t/day.
• Founding of enespa technologies ag Appenzell.
• Founding of enespa oil gmbh.
• Plastic recycling test operation with the first “WastX P1” plant.

New business areas

• Founding of enespa-grt innovation gmbh.
• In Aalen, we're starting plant production (NeoOil P5) and locating designers. We're developing the first prototypes in the field of plastics recycling.
• Development of the oil refining business in Hoyerswerda.
• Benjamin Richters becomes a member of the Board of Directors and Chief Technology Officer of enespa ag.
• Establishing a partnership with the BioDesign Foundation. As part of the "Vox Maris" project, the BioDesign Foundation collects old fishing nets that fishermen fish out of the ocean. These so-called ghost nets account for between 30 and 50 percent of marine plastic. They pose a threat to many animal species. We use these nets to produce the original product, the oil. This closes the plastic cycle: an old ghost net, whose remaining in the ocean would have caused many animals to die an agonizing death, becomes, for example, your new toothbrush.

Utilizing synergies

• enespa-grt innovation gmbh is moving from Aalen to Tangstedt near Hamburg.
• The first plastic recycling plant is going to Australia.
• Development and proof of concept for our 5-ton/day plastics recycling plant.
• Start of the “Project America”: Founding of the company.
• Expansion of oil refining at the German site in Hoyerswerda.
• The enespa team (enespa Group) is starting the new year.

Expansion of business areas

• Planning, development and preparation of regulatory applications for a tire pyrolysis plant with an initial capacity of 72 tons/day.
• Construction of our high-tech and research laboratory.
• Further development and production of the oil refining plants in Tangstedt.
• Start of AdBlue® production in Bernsdorf with a capacity of up to 100 tons/day.
• We've set up a pyrolysis plant and connected it to our laboratory. This allows us to measure and determine all parameters directly.
• Opening of our location in Tangstedt near Hamburg. Merger of the Plant Engineering, Research & Development, and Project Management & Engineering departments.
• First commercial delivery (Australia)
• Further development of the enespa brand and launch of a new website.
• Personnel expansion with key people in finance and HR.

New markets

• Launch of international strategic partnerships in the field of plastic-to-oil.
• Construction and delivery of several plastic-to-oil plants.
• Expansion of AdBlue® production.
• Personnel additions to management and the Board of Directors.
• Sharpening of business areas and launch of website 2.0