Perpetual Recycling Solutions plans to open a $30 million food-grade rPET recycling facility in Richmond, IN. The plant will produce more than 110 million pounds of rPET flake annually for customers throughout the U.S.
The company is a manufacturer of post-consumer recycled PET (rPET) resin, which currently serves the plastic packaging industry from its affiliated company, Pure Tech Plastics, in New York.
Perpetual Recycling will begin repurposing a 100000-sq-ft facility in mid-February. The building will become one of the largest recycling facilities of its kind, making Perpetual Recycling Solutions the largest producer of food grade rPET Flake in North America, according to the company.