Goodwill Industries of Greater Detroit has announced the opening of Goodwill’s Green Works Inc., a wholly-owned subsidiary of Goodwill Industries. Green Works is currently offering asset recovery services to DTE Energy Co., a gas and electric utility company based in Detroit.
Green Works Inc. is described as “the first stand-alone free enterprise venture undertaken by Goodwill Industries of Greater Detroit.” Projected revenue for Green Works’ first fiscal year is being estimated at $4 million, according to Goodwill Industries of Detroit.
The company’s long-term plan for expansion includes selling asset recovery and reclamation services to other Michigan utility companies as well as other manufacturing and industrial companies.
Green Works operates in a 94,000-square-foot building that was refurbished to accommodate Green Works. That project included the installation of about $200,000 worth of equipment donated by DTE Energy.
Among the services currently being performed by Green Works is the extraction of mineral oils from retired DTE transformers. The transformers must be drained before the metals in the assembly are processed. The oils are housed in an on-site tank farm before being sent to a DTE Energy facility, where they are used to generate energy.
Green Works also processes the scrap metal from transformers, power lines and other obsolete items.