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Stock impact report

GreenMantra receives $10M loan from Closed Loop infrastructure group [Yahoo! Finance]

LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) (LYB) 
Last lyondellbasell industries nv ordinary shares class a (netherlands) earnings: 5/1 06:30 am Check Earnings Report
US:NYSE Investor Relations: lyondellbasell.com/en/investors
Company Research Source: Yahoo! Finance
Dive Brief: GreenMantra Technologies, a Canadian chemical recycling company, has received a $10 million loan from the Closed Loop Infrastructure Group, a catalytic private credit arm of Closed Loop Partners. GreenMantra will use the loan to purchase new equipment and increase processing capability at its Brantford, Ontario, facility. GreenMantra uses a depolymerization process to turn what it says are “hard to recycle” PE and PP plastics into specialty waxes and polymer additives. With money from the loan, GreenMantra expects to increase output of specialty products by about 50%. Closed Loop has backed GreenMantra several times, including a $3 million investment in 2017 that the company used for a plant expansion project. Earlier this year, GreenMantra also received a separate $3.8 million in funding from the Canadian government as part of a green manufacturing initiative. Dive Insight: Chemical recycling, also known as molecular or advanced recycling, is an umbrella term f Show less Read more
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