Vadxx Energy moves forward with plans for Ohio recycling plant

Rachel Abbey McCafferty
CRAIN'S CLEVELAND BUSINESS

Published: November 27, 2013 3:10 pm ET
Updated: November 27, 2013 3:17 pm ET

Related to this story

Topics Materials, Recycling

Plans for Vadxx Energy LLC's Akron, Ohio, plant are moving forward.

Akron City Council this week approved the sale of 5.1 acres of city-owned land at East Waterloo Road and Kelly Avenue to the company. The city's planning commission approved the proposal in August, but it had to go before council before being finalized.

Vadxx CEO Jim Garrett said the next step for the company was to close on financing for the project; he was optimistic that would happen before the end of the year. He does not expect construction on the Akron plant — the company's first — to begin before spring 2014.

The plant will be about 20,000 square feet, Garrett said, and it will include a recycling unit made by Rockwell Automation Inc.

The city of Akron is not charging Vadxx anything up front to buy the land, said economic development specialist Brent Hendren. Instead, he said a profit-sharing agreement will be set up, likely through the Akron Development Corp., a nonprofit arm of the city that acts on behalf of the city's interests.

Cleveland-based Vadxx turns certain plastic waste into fuel. Original plans had Vadxx pursuing a plant in Cleveland, but those were set aside in favor of the Akron location this summer. The company has an existing research and development center in Akron.

Garrett noted that the company has had "enormous regional support" from governments and various organizations in Akron and Cleveland.


Comments

Vadxx Energy moves forward with plans for Ohio recycling plant

Rachel Abbey McCafferty
CRAIN'S CLEVELAND BUSINESS

Published: November 27, 2013 3:10 pm ET
Updated: November 27, 2013 3:17 pm ET

Post Your Comments


Back to story


More stories

Image

Slowing the aging process in plastics

October 31, 2014 1:13 pm ET

Australian scientists have developed a new material that can strengthen porous plastics by slowing their aging process.    More

Image

Corbion Puriac considering PLA plant in Thailand, if customers commit

October 31, 2014 11:52 am ET

Biofeedstocks supplier Corbion Puriac will build a polylactic acid (PLA) plant in Thailand if it receives a sales commitment from customers.    More

Image

Report: Lanxess may cut 1,200 jobs

October 31, 2014 9:40 am ET

German chemicals company Lanxess AG may cut up to 1,200 jobs, around 7 percent of its workforce, as part of a group-wide overhaul to counter...    More

Image

Coca-Cola closing its recycling division

October 30, 2014 3:50 pm ET

Beverage giant says it wants to work with suppliers    More

Image

PP prices rise, solid PS, PET drop

October 30, 2014 1:15 pm ET

North American polypropylene resin prices surged again in October, while regional prices for solid polystyrene and PET bottle resin continued their sl...    More

Market Reports

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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