PETOSKEY, MICH. (Aug. 30, 8:30 a.m. ET) — Film extruder and recycler Petoskey Plastics has invested $3 million to grow its recycling plant in Hartford City, Ind.
New equipment purchased for the site will increase its annual recycling capacity by 12 million pounds — a 50 percent jump from its previous capability, officials with the Petoskey, Mich.-based firm said in an Aug. 26 news release.
GreenPE-brand recycled resins made at the site will be used to make blown plastic film and bag products at Petoskey's own plants in Petoskey and in Morristown, Tenn. Some material also will be sold to outside firms.
Adding equipment at the 300,000 square-foot Hartford City site will allow Petoskey to divert an additional 1.5 million pounds of post-consumer plastic from the waste stream each month, officials added.
Petoskey was founded in 1970 and has been recycling in Hartford City – just north of Indianapolis – since 1978. Earlier this year, the firm installed a meteorological tower in Hartford city to evaluate the possibility of using wind power there. The tower was funded by a grant from the Rural Energy for America Program.