Recover Inc. is a Canadian environmental technology company founded in 2008 with a focus on sustainability, oil and gas, and waste solutions. The company has developed a patented process for cleaning oil-based drilling waste, aimed at recovering base oil and significantly reducing carbon dioxide emissions in the energy industry.
Recover's Lodgepole Oilfield Waste Management Facility, approved by the Alberta Energy Regulator, handles oilfield waste disposal, specifically targeting Alberta generated oilfield waste classified as waste code DRWSHC (Drilling Waste Hydrocarbon). This offers clients a cost-effective and environmentally friendly alternative to traditional cuttings stabilization and landfill disposal methods.
The latest investment in Recover Inc. came in the form of a Venture Round investment on 17th June 2020, with participation from Azimuth Capital Management and BDC Capital Cleantech Practice as investors.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Venture Round | Unknown | 2 |
|
17 Jun 2020 |
| Venture Round | Unknown | 1 | BDC Venture Capital | 19 Jun 2019 |
| Grant | $3.50M | - | 20 Nov 2018 |
No recent news or press coverage available for Recover Inc..
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