JBI closing recycling plant in Thorold, Ontario

By Jim Johnson
Senior Staff Reporter

Published: August 27, 2013 3:29 pm ET
Updated: August 27, 2013 3:37 pm ET

Related to this story

Topics Sustainability

Eight employees will lose their jobs in the coming weeks as a plastics recycling facility in Thorold, Ontario, closes.

JBI Inc.’s decision to shutter the site comes as the company will rely instead on “processor-ready plastics” being delivered to its plastics-to-liquid fuel-processing site in Niagara Falls, N.Y.

JBI expects to save $800,000 per year by relying on third parties to deliver recycled plastics to its fuel facility, the company said, adding that it is looking to cut costs aggressively.

“We feel there is a great opportunity to reduce the cost of our fuel production, as a large portion of these costs have been associated with handling and preparing the plastic before it enters our processors in Niagara Falls,” said Chief Financial Officer Nicholas Terranova in a statement.

The company told employees of the decision Aug. 20 before making a public announcement Aug. 26.

The recycling facility also handles recycled paper, but the company indicated in a filing with the Securities and Exchange Commission that sales of recovered paper have been declining and are “not aligned with the company’s core business.”

In July, JBI reduced its workforce by 15 people, or about 25 percent. That move, the company said at the time, was expected to save about $1.3 million annually.

The company also made news this summer by entering into a program with Crayola LLC to recycle used markers into liquid fuel.

Crayola had been facing some pressure to find a way to recycle the post-consumer markers before teaming up with JBI. The ColorCycle program also was to handle waste and overruns from Crayola.


Comments

JBI closing recycling plant in Thorold, Ontario

By Jim Johnson
Senior Staff Reporter

Published: August 27, 2013 3:29 pm ET
Updated: August 27, 2013 3:37 pm ET

Post Your Comments


Back to story


More stories

Image

SPI hopes to build on EPS recycling

November 26, 2014 6:00 am ET

Successfully recycling expanded polystyrene can be a challenge, there's no doubt about that. EPS, however, has value, is in demand and deserves to be ...    More

Image

Pan-European plastics recycling show scheduled for 2015

November 26, 2014 6:00 am ET

Europe is to get its first pan-European exhibition and conference aimed at the region's plastics recycling industry next year.    More

Image

World Plastics Council takes on sustainbility for its initial priorities

November 25, 2014 9:51 am ET

The recently formed World Plastics Council (WPC) has set marine debris and post-consumer recycling and energy recover as its initial top priorities.    More

Image

AMA Plastics adds presses, changes management structure

November 24, 2014 3:57 pm ET

AMA Plastics Inc. has strengthened its management structure, received recognition for entrepreneurship, achieved quality improvements and added three ...    More

Image

Indian plastics group targets waste

November 24, 2014 12:46 pm ET

An Indian plastics environmental group and the country's largest brand for packaged water, Bisleri International Pvt. Ltd., have launched a trial prog...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

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

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events