Dive summary:
- HDI Plastics, based in Minneapolis, signed an agreement with the Eastland Economic Development Corp. to start construction of a plastics recycling facility in Eastland, Texas next year.
- The 75,000 square-foot facility will collects plastic waste, make it into pellets, then sell the to other manufacturers.
- HDI Plastics has been working on deals with other states to receive benefits but in the end officials say they chose Eastland for the location despite better financial offers in other states.
From the article:
"We have been talking to (HDI) since June and they looked at different cities in Texas and other states," Conner said, adding Eastland's location between Dallas-Fort Worth and Midland-Odessa, was one of the deciding factors in landing the deal.
The Eastland Development Corp. is giving the land, 20 acres, to the company for the facility. HDI is in the process of finalizing the incentive package it is expected to receive from the state of Texas. ...
