Dive summary:
- Geo-Tech Polymers, an Ohio based recycler, announced it will open a second plant in Ohio that will increase recycling capacity by 150%.
- Geo-Tech recycles coated plastics used in consumer and automotive applications; their process is able to remove coatings such as paint or metals without using chemicals or solvents that damage the plastic.
- The new plant will only be an hour south of their current facility; it is 123,000 square feet and will add 50 jobs in the next three years.
From the article:
Collins said the company’s process is especially effective for recycling automotive parts, especially those that are made from thermoplastic polyolefins.
He said Geo-Tech is also benefitting from its June acquisition by waste management and recycling services company Wastren Advantage Inc. The deal allowed Wastren to diversify its portfolio outside of government contracts and gave Geo-Tech capital necessary to expand its business. ...