Consumer and industrial waste plastics, including films and bags, have been harder to recycle than jugs and bottles made from HDPE #2.
GreenMantra will use the $3 million investment to expand the capacity of its Brantford, Ontario factory to convert 7,500 metric tons per year into high-value waxes and other products.
Closed Loop has been on a roll. Just this month, the $50 million fund invested in Natural Machines’ 3D printer for food and Rebound Technologies’ speed-freezing technology to cut energy in food storage.
Closed Loop is backed by a half-dozen consumer multinationals including 3M, Coca-Cola and Johnson & Johnson.