ECOR Global Secures Funding from Phalanx Impact Partners
Summary
ECOR Global, a La Jolla, CA-based company which specializes in the manufacture of sustainable materials and circular solutions for the building products and packaging markets, received an investment from Phalanx Impact Partners. The company intends to use the funds to further accelerate the pre-construction design and commercial work related to its first U.S. facility, expand its Serbian operations, and enhance its capabilities Led by CEO Jay Potter, ECOR is a sustainable materials company specializing in creating advanced composites from natural fibers and other recyclable materials. Headquartered in San Diego with facilities in the Netherlands and Serbia, the company’s proprietary technology converts agricultural waste and select by-products into sustainable building and packaging materials without the use of toxic binders, such as commonly used petroleum-based glues or urea formaldehyde. ECOR-Ply panels can be used by customers across various applications including flooring, cabinetry, furniture, general construction, retail displays, store fixtures, interior architectural elements, secondary packaging and more. To expand product availability in North America, ECOR is developing a site in the Corpus Christi, Texas region for easy access to agricultural resources and their manufacturing and distributor customers and evaluating other U.S. locations.