Encina Announces Major Investment in New Advanced Recycling Manufacturing Facility
The $1.1 billion investment will lead to a state-of-the-art advanced recycling facility in Point Township, Penn., to convert PCR to feedstock for new products.
Chemical recycling innovator and producer Encina has announced that it will invest $1.1 billion to build a new, state-of-the-art manufacturing facility in Point Township, Pennsylvania. This proposed facility, named The Point Township Circular Manufacturing Facility, would be the first in the region to use advanced technologies to convert post-consumer materials into feedstock that can be used to manufacture thousands of new products. Construction is expected to begin in fall 2022, and the facility is expected to be fully operational by fall 2024.
The Point Township Circular Manufacturing Facility will process over 992-million lb/yr of post-consumer materials, diverting the vast majority from landfills and away from incinerators. This facility would reduce the need to produce new plastic from oil and gas resources, providing circular solutions to customers committed to reducing their impact on the environment to build a circular economy.
According to an analysis by the Pennsylvania Manufacturers Association, the construction and operation of this facility are projected to inject more than $2.1 billion into the local and state economies over the next five years. Construction is expected to last 24 months and employ 750 local workers. Once fully operational, the Point Township Circular Manufacturing Facility would have 300 full-time employees. Encina is committed to hiring and utilizing local businesses wherever possible on this project.
Said Encina CEO David Roesser, “Increasingly, customers are demanding sustainable practices across the product supply chain and life cycle. The feedstocks we manufacture – reduce waste, offset the need to produce virgin materials and help manufacturers achieve carbon neutral goals as we transition to a circular economy. Pennsylvania’s access to markets and skilled workforce presents an ideal opportunity for investment and we’re committed to being an engaged partner as we build long-lasting and mutually beneficial relationships with the local community and businesses.”
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