Printer Friendly

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.
COPYRIGHT 2004 G.I.E. Media, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Plastics; Polymer Alliance Services LLC, plastics recycling company
Publication:Recycling Today
Article Type:Brief Article
Geographic Code:1U5WV
Date:Apr 1, 2004
Previous Article:Tietek signs supply agreement for crossties.
Next Article:EarthFirst signs agreement for tire recycling plant.

Related Articles
Providing a home: MBA Polymers Inc., Richmond, Calif., has been created to give a boost to durable goods plastics recycling.
Growing pains: establishing high-value markets for plastics from post-consumer electronics depends on developing an electronics-recycling...
Pet markets considered.
Unbending plastics: surging demand from China further hampers U.S. reclaimers of post-consumer PET and HDPE plastics.
Pa. DEP awards infrastructure development grants.
Expansion teams: recyclers and plastics organizations work to expand municipal plastics collections.
Visions of plastics: with plastic scrap in demand, recyclers are getting acquainted sorting options.
Coming full circle: finally, the business case for plastic film recycling is overwhelming. So why isn't it more prevalent?
Industrious approach.
2007 recycling today's plastics recycling conference.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters