Circular SynTech, a leader in transforming waste management and chemical manufacturing, will establish operations in New Madrid, Missouri. The $91.4 million project is expected to create 45 new jobs.
CST will construct a new facility on a more than 200-acre campus that will serve as the premier waste-to-renewable chemicals operations in the nation. Planned to open in 2022, the company is already planning future expansions to follow its initial investment. After exploring several locations, CST selected New Madrid for its central location near the Mississippi River and rail access, according to the Missouri Department of Economic Development.
“Through its patented proprietary technology, CST utilizes waste that has historically produced environmentally damaging greenhouse gases to create valuable chemicals and distillates that replace fossil fuels in a double win for the environment,” said Dan Dockter, CST CEO. “The exceptionally professional and accommodating manner of the City, County, and State was a key factor in finding our new home in New Madrid, Missouri.”
CST used the Missouri Works program, a tool that helps companies expand and retain workers by providing access to capital through withholdings or tax credits for job creation. The company is also receiving assistance from Missouri One Start, a division of the Department of Economic Development. Missouri One Start assists eligible businesses with their recruitment and training needs.
"We are excited to welcome CST to Missouri," said Subash Alias, CEO of Missouri Partnership. "It is so great that one of our newest companies plans to deploy new technologies to solve complex waste-to-renewables challenges while creating jobs and investment in our state. We were delighted to support our long-time friends in New Madrid and look forward to seeing this project flourish in the coming months."
CST’s proprietary waste-to-chemicals technology replaces the fossil fuel feedstock typically used to produce petro-chemicals with renewable common waste, such as municipal solid waste and construction and demolition debris, which would otherwise be landfilled. By using this technology, the company avoids landfilling costs in addition to the greenhouse gases that would be produced by decomposing waste. CST's one-step process eliminates the need for previous processes, which are much more costly and complex.