GreenMantraTM Technologies recently received the Gold Award for Green Technology as part of R&D Magazine’s 2016 R&D100 Awards program.
Sponsored by R&D Magazine, the prestigious R&D100 Awards have a more than 50-year history of recognizing excellence in innovation, earning them the nickname, “the Oscars of Innovation.”
GreenMantra Technologies was recognized with the Gold Award for its innovative technology that transforms recycled waste plastics into usable specialty chemical products. Through a proprietary thermo-catalytic system and patented process, the company cost-effectively converts waste plastics, including hard-to-recycle materials such as grocery bags and film, into high-value waxes and other specialty chemicals. Its specialty wax products, marketed under the CeranovusTM brand name, have a broad range of applications in polymer processing, adhesives, coatings, roofing and paving, and other industries.
The company is at the forefront of providing an environmentally positive alternative source for synthetic waxes, reducing reliance on traditional fossil fuels as a raw material. This helps advance progress toward the goal of a circular economy that responsibly reuses waste streams.