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Ohio awards grant money to two plastics recyclers.


The state of Ohio has awarded money to three companies through its Business Development grant program. Of the three grants issued, a grant for $25,000 will be going to a plastics recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment.  firm based in Reno, Ohio Reno is an unincorporated community in southern Marietta Township, Washington County, Ohio, United States. Although it is unincorporated, it has a post office, with the ZIP code of 45773. .

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adj.
Enormous; huge: a mondo list of pizza toppings.

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 Polymer Technology is receiving a grant of $25,000 for costs associated with the acquisition of machinery and equipment. The company is a recycler of low-end films (polybags, shrink and stretch wraps, among other types of plastic.)

The company is looking to build a new 84,000-square-foot facility to be used as a manufacturing plant and administrative offices.

Equipment to be purchased includes fire suppression equipment, specialized recycling shredders, extruders, a mixing silo, granulators, conveyors and related equipment.

The project is expected to cost around $3.8 million.

"The projects approved for state assistance today represent the very best of Ohio's traditional manufacturing strengths, as well as job creation in growing high-tech fields," Lt. Gov. Fisher, who also serves as Director of the Ohio Department of Development, said. "I want to commend each company for considering Ohio for projects that will help further develop our existing business base and boost new and growing industry sectors in the state."

Ohio Lt. Gov. Lee Fisher Lee Fisher (born August 7, 1951, in Ann Arbor, Michigan) is an American politician. He is a member of the Ohio Democratic Party currently serving as the Lieutenant Governor of Ohio. Fisher also serves as Ohio Director of Development.  also announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for a plastics recycling company, one of 16 firms that recently received the credits.

The Ohio Tax Credit Authority approved credits that would help to create 1,961 jobs and keep 1,794 through $460 million in projects throughout the state.

Plastic Recycling Plastic recycling is the process of recovering scrap or waste plastics and reprocessing the material into useful products, sometimes completely different from their original state.  Technology Inc. (PRT PRT Print
PRT Port
PRT Portugal (ISO country code)
PRT Printer
PRT Provincial Reconstruction Team (Iraq)
PRT Personal Rapid Transit
PRT Personal Rapid Transit
), which is relocated to Spring Creek A spring creek is a stream that flows from a spring. Spring Creek may refer to any of the following specific places:
  • Spring Creek, Arkansas
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  • Spring Creek (Colorado), a tributary of the Cache La Poudre River
  • Spring Creek, Florida
 Township, Ohio, has been awarded a 30 percent tax credit for a seven-year term. The value of the tax credit is estimated at $31,127 over the term, and the company would be required to maintain operations at the project site for 14 years.

PRT recycles plastic industrial scrap generated within the state and throughout the Midwest. The company also recycles post-consumer, post-commercial and post-industrial plastics by converting the plastic scrap into plastic pellets and densified and ground plastic, which are sold to plastic product manufacturers.

The company proposes to establish its headquarters and manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations.  in the state. It has plans to purchase new machinery and to invest in facility improvements. PRT will lease a 416,000-square-foot facility.

The $2 million project is expected to create 25 jobs and retain 40 positions within the first three years.
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Title Annotation:PLASTICS
Publication:Recycling Today
Date:Jun 1, 2007
Words:406
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