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Encina Development Group, a producer of recycled chemicals from waste, announced it has secured $55 million in equity, including institutional investors IMM Investment Global and SW Recycle, according to Hydrocarbon Processing on March 11.
With the strong support of institutions, the non-public offering was oversubscribed
Encina's Circular Chemicals products are aimed at global customers who adhere to ISCC+ certification standards, as well as manufacturers seeking end products that require a circular content in their products