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Post-consumer PET recycler plans new $25 million Indiana facility

October 06/2010

(PlasticsToday) -- Polyethylene terephthalate (PET) bottles recycler Perpetual Recycling Solutions will invest more than $25 million to purchase and repurpose an existing 100,000-ft2  facility in Richmond, IN into a new production facility. Founded in 1989 as Pure Tech Plastics LLC, the company converts plastic soda, juice, and water bottles into flake and resin pellets. Perpetual Recycling Solutions is a subsidiary of Chicago"s ReThink Recycling Group, which has an additional facility in East Farmingdale, NY.

 

Perpetual Recycling Solutions says the new facility will convert approximately 130 million lb of post-consumer PET annually, purchasing scrap from a number of sources.

 

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