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Plastics recycler receives loan approval.

The West Virginia Economic Development Authority (WVEDA) has approved two loans to Polymer Alliance Services LLC, headquartered in Washington, W.Va., to build and operate a plastics recycling facility in Wood County, W.Va.

The company will use its $1.3 million loan to purchase real estate and its $483,000 loan to purchase equipment for its plant.

Polymer Alliance Services processes and sells recycled plastics. The company was attracted to West Virginia through the marketing efforts of the Ripley, W.Va.-based Polymer Alliance Zone and plans on purchasing plastic scrap from DuPont, General Electric and other manufacturers.

With 15 employees currently, Polymer Alliance Services expects to grow its ranks to 35 after one year and to 65 after three years.
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Title Annotation:Plastics; Polymer Alliance Services LLC, plastics recycling company
Publication:Recycling Today
Article Type:Brief Article
Geographic Code:1U5WV
Date:Apr 1, 2004
Words:122
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