BRANTFORD, Ontario, Sept. 20, 2017 /PRNewswire/ -- GreenMantra Technologies, a rapidly growing clean technology company that produces high-value polymers from waste plastics, has been named to the 2017 STARTUP 50 list of top new growth companies by Canadian Business and its affiliate, McLean's Magazine.
The STARTUP 50 list ranks young companies on two-year revenue growth. GreenMantra Technologies is ranked number 20 on this year's list.
Founded in 2010, GreenMantra converts waste plastics such as film, bottle caps and food containers into high-value synthetic polymers and other specialty chemicals. These materials provide specific performance and processing benefits in various applications in the coatings, plastics processing, adhesives, roofing and paving industries.
"This recognition of our rapid growth by Canadian Business highlights the increasing acceptance of sustainable technologies that can drive value while benefiting the environment and society," said Martin Hudson, vice president of finance for GreenMantra. "Our unique technology is enabling us to capture the hidden value in waste plastics, diverting material from the landfill and "up-cycling" it to create useful products for longer life applications. In this manner, we are helping to create a circular economy for plastics where they are beneficially reused rather than discarded."
Based in Brantford, Ontario, GreenMantra Technologies utilizes a proprietary thermo-catalytic system and patented process to cost-effectively convert and "up-cycle" waste plastics, including hard-to-recycle materials such as grocery bags and film, into high-value polymers and other specialty chemicals. These materials have a broad range of applications in the coatings, plastics processing, adhesives, roofing and paving industries. More information on the company, its products and its innovative technology can be found at www.greenmantra.ca
About the STARTUP 50 and PROFIT 500
Ranking Canada's top new growth companies by two-year revenue growth, the STARTUP 50 profiles the fastest-growing startups in the country. It is a companion list to the PROFIT 500 ranking of Canada's Fastest Growing Companies, which has for 29 years been Canada's most respectable and influential ranking of entrepreneurial achievement. Both the STARTUP 50 and PROFIT 500 are published in Maclean's magazine and at CanadianBusiness.com. For more information on the ranking, visit PROFIT500.com or CanadianBusiness.com.
About Canadian Business
Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the country. It is the country's premier media brand for executives and senior business leaders. It fuels the success of Canada's business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com.
SOURCE GreenMantra Technologies