Issue Date: June 20, 2016
GreenMantra raises money, opens plant
The Canadian start-up GreenMantra Technologies has raised more than $4 million in its third round of venture capital funding. Founded in 2010, the firm uses what it calls a proprietary catalytic system to transform hard-to-recycle polyolefin products such as grocery bags and shampoo bottles into waxes, greases, and lubricants. GreenMantra recently opened a 5,000-metric-ton-per-year plant in Brantford, Ontario.
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