Ohio recycler Geo-Tech Polymers opening second plant

By Frank Antosiewicz
Correspondent

Published: December 6, 2012 6:00 am ET
Updated: January 3, 2013 6:58 am ET

Related to this story

Topics Sustainability, Recycling

WESTERVILLE, OHIO (Dec. 6, 1 p.m. ET) — Geo-Tech Polymers LLC is opening its second recycling facility and will boost its capacity 150 percent, according to President Doug Collins.

Geo-Tech has a proprietary process that enables it to recycle coated plastics that are used in consumer and automotive applications. It is able to remove coatings such as paints and metals from plastic substrate materials without using chemicals or solvents that degrade or diminish material properties.

The company has leased a 123,000 square foot facility in Waverly, Ohio, and is busy installing its second line and hopes to have it ready in the first quarter of 2013.

Collins said that the company wanted to stay in Pike County and it found a building that formerly housed a modular home manufacturer. It is only an hour south of their current facility in Westerville, Ohio.

Collins expects to add 50 jobs in the next three years. Geo-Tech plans to run one line in Westerville and two in Waverly.

Collins said the company’s process is especially effective for recycling automotive parts, especially those that are made from thermoplastic polyolefins.

He said Geo-Tech is also benefitting from its June acquisition by waste management and recycling services company Wastren Advantage Inc. The deal allowed Wastren to diversify its portfolio outside of government contracts and gave Geo-Tech capital necessary to expand its business.

For the Waverly expansion, Geo-Tech will receive a $460,000 loan obtained from the Pike Commissioners through the Community Block Grant Program Economic Development Program. It also received a $50,000 grant from the Fluor-B&W Opportunity Fund, a $10,000 grant from the Southern Ohio Agricultural and Community Development Foundation, a $1.2 million loan through the Jobs Ohio Program and a $50,902 Job Creation Tax Credit. The balance of the project is being financed locally by Ohio Valley Bank.


Comments

Ohio recycler Geo-Tech Polymers opening second plant

By Frank Antosiewicz
Correspondent

Published: December 6, 2012 6:00 am ET
Updated: January 3, 2013 6:58 am ET

Post Your Comments


Back to story


More stories

San Antonio launching curbside recycling of plastic bags

July 21, 2014 3:06 pm ET

Curbside plastic bag recycling is coming to one of the largest cities in the country.    More

Image

Grocery store chain says bag recycling up by 10 percent

July 21, 2014 2:54 pm ET

Kroger Co., with more than 2,600 stores in 34 states and sales nearing $100 billion, saw plastic bag recycling increase by 10 percent last year.    More

Image

Engineered Plastic Systems cited for recycled content wording

July 18, 2014 4:04 pm ET

Elgin, Ill.-based Engineered Plastic Systems, LLC (EPS) is under fire for using phrases such as “made entirely of recycled plastic synthetic...    More

Image

Republic Services unites acquisitions under its own name

July 18, 2014 2:05 pm ET

A major recycled plastics collector is unifying its dozens of different brands under a single, familiar banner.    More

Image

Bag ban stalls, bottle bill may be headed to Massachusetts voters

July 18, 2014 12:26 pm ET

A proposed state-wide bag ban that drew much attention when it was proposed last spring has since stalled out, and a decades-long effort to include ne...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events