SEATTLE (Scrap Monster): Resynergi CEO Brian Bauer has longed for years to rid the planet of trash on land and at sea. And now, he has $6.4 million to turn those lofty goals into reality for his Rohnert Park plastic recycling company.
The company announced Wednesday that it has raised $6.4 million in funding through Transitions First and Lummus Technology.
Transitions First is an international venture capital fund and Lummus Technology, in part, licenses proprietary petrochemicals, refining, and gas processing technologies.
The money will boost productivity in turning 5 tons of trash into four tons of a kind of clean crude oil that can be refined, blended or reacted to make a wide variety of products. The leading use will be to make fresh plastics at Resynergi’s 5,000-square-foot plant by next summer.
Beyond cutting down the size of landfill trash, Bauer’s plans have involved teaming up with a Sausalito marine nonprofit in cleanup efforts to whittle away at the Great Pacific Garbage Patch.
Courtesy: www.northbaybusinessjournal.com
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