GreenMantra is growing rapidly and expanding our manufacturing facilities in Brantford, Ontario to meet demand for performance additives. Additionally, we are building a production line featuring new technology that will transform waste polystyrene into modified polymers for inks and other applications.
Of the 300 million tons of plastic produced globally each year, only about 10 percent is recycled. We are committed to the cost-effective transformation of plastic waste, even hard to recycle materials such as plastic film and grocery bags, into valuable products – improving the environment by beneficially reusing spent materials. Wax is traditionally made from fossil fuel feedstocks such as oil and natural gas. Because our patented technology enables us to use waste plastic as the feedstock, we are reducing reliance on fossil fuels.
GreenMantra and INEOS Styrolution have signed a Joint Development Agreement (JDA), which will align.