Encina Development Group produces circular chemicals from waste materials through a plastic waste-to-aromatics recycling business. Its circular chemical products are marketed to global customers who adhere to ISCC+ certification standards and seek circular content in end products. The company has planned facilities in the United States, Asia, and South America, with each facility expected to process approximately 450,000 tons of plastic waste per year. Encina announced $55 million of committed equity financing, including a $32 million private placement that was oversubscribed. The company will deploy the new capital alongside $20 million in earlier secured equity financing to commercialize its technology. IMM Investment Global and SW Recycle Fund participated in the private placement, with IMM Global joining Encina’s board, and Morgan Stanley and Stephens acted as private placement agents.

Total raised

$32M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2022