BDC’s cleantech practice invests in Recover Energy Services
Calgary-based environmental technology company Recover Energy Services Inc has raised undisclosed financing from BDC Capital. BDC invested through its $700 million clean technology practice. Founded in 2008, Recover provides technology that recovers and refines base oil from contaminated drilling waste, resulting in avoidance of landfills and reduced CO2 emissions. Led by President and CEO Stan Ross, the company will use the financing's proceeds to expand, in part by opening an office in Houston, and complete modifications on its first commercial-scale facility in Lodgepole, Alberta.
19 June 2019•3 mins read
