10-Aug-17
GreenMantra Technologies, a rapidly growing clean technology company that produces high-value polymers from waste plastics, will receive US$2.2 mln from Sustainable Development Technology Canada (SDTC) to be used toward construction of a demonstration plant that will convert waste polystyrene into modified styrenic polymers for use in inks, foam insulation and other applications.
“We are thrilled that SDTC will provide a portion of the capital necessary for this important project,” said Kousay Said, GreenMantra president and chief executive officer. “This pilot plant will enable us to scale up our patent-pending process for sustainably reusing of one of the world’s least recycled plastics.”“As part of our government’s investments in clean technology and commitment to protecting the planet, we are pleased to support this next generation of GreenMantra’s sustainable technology,” said Honorable Navdeep Bains, Minister of Innovation, Science and Economic Development. “Transforming plastic waste into commercially viable products will not only drive innovation in sustainable reuse of waste materials, it also creates middle-class jobs in Ontario’s growing clean technology sector.”
Using a proprietary catalyst and unique conversion process, GreenMantra Technologies has converted waste polystyrene foam into useful polymers on a laboratory scale. 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 tpa. This will provide an ample supply of converted modified styrenic polymers for trialing in end-use applications and potential initial commercial sales. The design and engineering of the new facility will begin this year, with construction starting in 2018.
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