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Recycling
Plastics recycler Encina gets funding
by Alexander H. Tullo
March 19, 2022
| A version of this story appeared in
Volume 100, Issue 10
The plastics recycling technology developer Encina has secured $55 million in funding. Encina says the money will go toward commercializing its technology, which uses a catalytic process to transform mixed plastic waste into aromatic chemicals such as benzene, toluene, and xylene. The company aims to build plants in the US, Asia, and South America, each with a capacity to process 450,000 metric tons per year. The investment includes a $32 million private placement from IMM Investment Global and SW Recycle Fund.
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