Freepoint Eco-Systems LLC plans to build a commercial-scale advanced plastics recycling facility in Eloy, Arizona. The ISCC Plus Certified facility will recycle end-of-life waste plastic otherwise destined for landfills or incineration. It will span 40 acres of currently undeveloped land and have the capacity to recycle approximately 180,000 tons of waste plastic per year, making it one of the largest advanced recycling facilities in the world.“The development of our Arizona advanced recycling facility represents an expansion of our advanced recycling footprint in the United States,” said Jeff McMahon, Managing Director of Freepoint Eco-Systems. “From construction to the launch of operations, the Arizona facility will positively impact plastic recycling and the local community through job creation and greenhouse gas reduction. We are thrilled to be building a facility in Eloy, Arizona, and to partner with the city, county and state representatives.”Freepoint Eco-Systems with Arizona Commerce Authority (ACA) President and CEO Sandra Watson (far left) and Arizona Governor Katie Hobbs (far right) at ACA Board of Directors Meeting. (Source: Freepoint Eco-Systems LLC)Freepoint converts waste plastic into feedstock that is used to create new plastic products. The process not only reduces plastic waste, but also decreases drilling for oil, thereby leaving oil in the ground. Furthermore, the carbon footprint of plastic produced as a result of Freepoint’s recycling process will be up to 90% less than the carbon footprint of disposed plastic made directly from fossil fuels. Freepoint’s flagship advanced recycling facility in Hebron, Ohio is currently under construction with commercial operations expected to launch in the second half of 2024. Commercial operation of the Eloy facility is expected to begin in the first half of 2026.“Freepoint Eco-Systems’ new recycling facility represents a significant win for Pinal County and rural Arizona,” said Sandra Watson, President and CEO of the Arizona Commerce Authority (ACA). “Freepoint’s advanced recycling facility further positions Arizona as a sustainability leader, creating quality jobs and fueling continued economic growth in Eloy.”“Freepoint’s advanced recycling facility further positions Arizona as a sustainability leader, creating quality jobs and fueling continued economic growth in Eloy.”— Sandra Watson, President / CEO, Arizona Commerce AuthorityFreepoint will create approximately 100 full-time circular economy jobs once the facility begins commercial operations.“Eloy is pleased to be working with Freepoint on this new project,” said Eloy Mayor Micah Powell. “Sustainable, green jobs will continue to play a vital and growing role in our economy. Freepoint is creating quality jobs for Eloy and area residents while providing a product that will benefit the Eloy economy and the environment. Our staff has enjoyed working with Freepoint and we look fo …
See the full article on Arizona residential development, or, read more Arizona real estate investing news. Feel free to share our site with your investor friends.