The plastics recycling company Geo-Tech Polymers
, headquartered in Piketon, Ohio, has opened its second recycling facility in Ohio. The new Waverly, Ohio, plant will serve the plastics recycling demands of the retail packaging industry.
Geo-Tech says it has gained traction in the market with its ability to remove coatings such as screen printing and labels from plastic substrate materials using Federal Drug Administration- (FDA-) approved detergents. The process can transform decorated plastic scrap into recycled resin that are comparable with prime material specifications, the company says.
"Geo-Tech solutions appeal to companies that want to generate significant savings by employing green solutions that are smart and effective," says Doug Gels, Geo-Tech general manager. "With 100,000 square feet of space, we're able to better support the retail packaging market in their efforts to recycle decorated plastics scrap into high-quality product at considerable savings."
To support its efforts, the company recently put together a case study that showed examples of companies in several industries yielding savings of more than $1 million in the first year alone through recycling of plastic scrap.
To build the facility, the company received a $460,000 loan from the Pike County (Ohio) Commissioners to help with the costs of purchasing and installing equipment at the Waverly plant, which will create 50 new full-time jobs.
"When you can show those sorts of numbers, owners and financial managers understand that they've been missing a critical business opportunity," Gels says. "We're here to fill in the gap."
Geo-Tech, through its two Ohio plants, processes 20 million to 30 million pounds of recycled plastics per year. The company, a division of the waste management firm Wastren Advantage Inc.
, provides focused solutions for managing the entire life cycle of hazardous and radioactive materials.