S.I.C Recycling, a subsidiary of the John Deere distributor Sloan Implement Co., headquartered in Assumption, Ill., broken ground on a scrap metal recycling facility in Riverton, Ill., Aug. 11. The company plans to process more than 13 million pounds of copper and aluminum per year when it is fully operational.
The scrap metal facility will be the first for the equipment distributor.
The nonferrous scrap metal recycling facility will be located on 15 acres in Riverton. Brady Bird, general manager of S.I.C. Recycling, says the facility will measure 40,000 square feet and should be operational by the first quarter of 2012. The company says it expects to hire between 12 to 15 people to run the new scrap yard.
Bird also says the company will take in copper and aluminum from industrial and commercial sources and hopes to make No. 2 copper and aluminum briquettes for end consumers. S.I.C. Recycling will not offer any retail trade, he adds.
To assist S.I.C. Recycling in the development of the project, the Illinois Department of Commerce and Economic Opportunity (DCEO) awarded the village of Riverton a grant of $525,000 through its Community Development Assistance Program. The grant ultimately came from federal funds, Bird says.
According to the Warren Ribley, DCEO director, the grant will be used to extend electric and gas infrastructure to S.I.C. Recycling’s facility. Grant money also will be used to equip the facility for initial operation.
The state also awarded S.I.C. Recycling $380,000 in job tax credits that will be stretched over 10 years.
Ribley says, “We must continue to find ways to best leverage our resources to create jobs. This funding will help create a recycling facility that will not only help protect our environment, but will also stimulate the local economy by creating jobs.”