The company will use the funds for construction of a demonstration plant that will convert waste polystyrene into modified styrenic polymers for use in inks, foam insulation and other applications.
Led by Kousay Said, president and chief executive officer, GreenMantra Technologies produces high-value polymers from waste plastics. Using a proprietary catalyst and conversion process, the company converts waste polyethylene and polypropylene plastics, such as film, bottle caps and food containers, into specialty synthetic waxes. These waxes are used in various applications in the coatings, plastics processing, adhesives, roofing and paving industries.
The demonstration plant, to be constructed at GreenMantra’s existing manufacturing complex in Brantford, will have an anticipated initial annual capacity of 1,000 metric tons per year. The design and engineering of the new facility will begin this year, with construction starting in 2018.
FinSMEs
10/08/2017