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NEDERWEET, Netherlands Dutch tire pyrolysis company Black Bear Carbon has completed a first closing of $8.9 million as part of a fundraising campaign for its $93-million flagship plant in Limburg, southern Netherlands.
The investment round was led by Capricorn Partners from the Capricorn Sustainable Chemistry Fund, with support from Invest-NL and joined by current investors, Brightlands Venture Partners, Siam Cement Chemicals and others, Black Bear Carbon said in a recent statement.
The new flagship plant, to be constructed at the Chemelot Industrial Park in Limburg, is expected to become operational by mid-2023.
The factory at Chemelot will operate under the name Recovered Carbon Black Nederland (RCBNL) as a 100-percent subsidiary of Black Bear Carbon.
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