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

Composite bridge maker also leading the way in installation

August 22, 2014 1:21 pm ET

Lightweight, low maintenance and strong, fiber-reinforced polymer (FRP) bridge decks finally are crossing the line from specialty projects to wider...    More

Image

Recycled HDPE prices climbing

August 22, 2014 11:26 am ET

North American selling prices for recycled grades of high density polyethylene resin have increased in recent months because of tight supplies of the ...    More

Image

Non-recyclable items gumming up the works at recycling centers

August 21, 2014 3:46 pm ET

The influx of all sorts of unacceptable items at recycling centers has gotten to the point that Charlotte, N.C.-based ReCommunity is trying to bring...    More

Image

Bayer, SCAC partner on water reuse project

August 21, 2014 12:48 pm ET

Bayer MaterialScience (BMS) and Shanghai Chlor-Alkali Chemical Co. Ltd. (SCAC) have entered into a preliminary agreement for the reuse of waste water ...    More

Image

Automakers look under the hood for the next lightweighting opportunities

August 20, 2014 1:06 pm ET

The automotive industry's current favorite target for lightweighting efforts is the powertrain, according to a recent survey.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

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

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

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

More Events