State and local support for the project became a critical factor in the decision to build in Ashley. The Indiana Economic Development Corporation (IEDC) offered RES Polyflow LLC up to $900,000 in conditional tax credits and up to $100,000 in training grants based on the company’s job creation plans.  Website Image
RES Polyflow
PERRY,Ohio / Dec.22 – Ohio based manufacturer RES Polyflow announced today that Ashley, Indiana has been selected as the location for its Midwest production facility. Groundbreaking will take place in the second quarter of 2016. Once operational, phase one of the facility will produce on an annual basis 17.0M gallons of ultra-low sulfur diesel and gasoline blendstocks for the petroleum market from the conversion of 100,000 tons of plastic scrap utilizing the company’s patented process. The project will create 136 full time jobs when completed with phase one generating approximately $90.0MM in capital investment in Steuben County Indiana. RES Polyflow CEO, Jay Schabel comments, “The Ashley site offers many logistical advantages for our suppliers and customers which allows us to expand rapidly to achieve our ten-year growth plan. However, the deciding factor was the responsiveness and support shown by the people of Ashley, Steuben County and the State of Indiana. They are truly partnering with us on the journey of commercializing this unique technology with their sights set on the reward of creating competitive manufacturing jobs while improving the planet for existing and future generations.” State and local support for the project became a critical factor in the decision to build in Ashley. The Indiana Economic Development Corporation (IEDC) offered RES Polyflow LLC up to $900,000 in conditional tax credits and up to $100,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Likewise, a local economic development package valued at $4.4MM offered by Steuben County and the Town of Ashley complemented the state’s investment offer. Company officials estimate that a second phase of the project planned for completion by 2021 will double the capacity of the plant. “Steuben County is happy to work with Indiana and the Town of Ashley to support this project. We believe this is a viable business and look forward to seeing them grow in the community.”, stated Ron Smith, President of the Steuben County Board of Commissioners. Randy McEntarfer, Ashley Town Manager added, “The proximity to rail and Interstate 69, the Klink Group, Steuben County and the State of Indiana have all helped to bring this exciting project to Ashley and we are grateful. RES Polyflow is bringing high wage jobs and cutting edge technology to the community.” The Ashley Indiana facility is the first commercial facility featuring the RES Polyflow plastics-to-fuel conversion technology. In addition to converting local plastic waste materials into fuel, the plant will also serve as a central hub for upgrading the production output of other RES Polyflow plants planned for surrounding Midwestern states. Company headquarters will remain in Perry, Ohio. About RES Polyflow RES Polyflow manufactures a commercial scale energy recovery system that offers an end of life solution for non-recycled waste plastic items such as film, containers, packaging, thermosets, and polystyrene. The company’s proprietary process complements current recycling efforts by converting these low value co-mingled plastic scrap streams into marketable petroleum blendstocks on a continuous and profitable basis. RES Polyflow is a founding member of the Plastics-to-Fuel Technologies Alliance based in Washington DC. To learn more about RES Polyflow’s innovative process, visit www.respolyflow.com. Comments are closed.
|
CommunityArchives
November 2021
|
RSS Feed