Renewable Energy Firm RES Polyflow Plans Production Hub In Ashley, Indiana
12/22/2015
The Perry, Ohio-based company will initially invest $90 million to construct an 80-acre production facility adjacent to Interstate 69 in Ashley, with plans to fully invest up to $181.94 million into building and equipping the operation by 2019.
Construction of phase one of the new facility is slated to begin this spring. RES Polyflow plans initially to convert 100,000 tons of scrap plastic into 17 million gallons of ultra-low sulfur diesel and gasoline blendstocks a year for the petroleum market, in anticipation of more than doubling production once fully operational in 2021. The company plans to begin hiring for phase one of its new Indiana operations next summer.
“The Ashley site offers many logistical advantages for our suppliers and customers which allows us to expand rapidly to achieve our 10-year growth plan,” said Jay Schabel, CEO of RES Polyflow. “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.”
RES Polyflow produces energy products from difficult-to-recycle plastic and rubber waste. With 90 percent of the nation’s plastic and rubber waste directed to landfills annually, the company purchases municipal, commercial, industrial and agricultural solid waste and will use its patented process to transform the plastics into petroleum blendstocks such as ultra-low sulfer diesel. This Indiana-based facility will be the company’s first operations utilizing its plastics-to-fuel conversion technology and will act as a hub for additional RES Polyflow plants planned throughout the Midwest.
As an incentive, Indiana Economic Development Corporation 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. The town of Ashley and Steuben County will consider additional incentives at the request of the Steuben County Economic Development Corporation.
“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,” said Randy McEntarfer, member of the Ashley Town Council. “RES Polyflow is bringing high-wage jobs and cutting edge technology to the community.”
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