Green EnviroTech Corp. (GET) has completed a reverse merger with Wolfe Creek Mining Inc. Under terms of the deal, GET has become a wholly-owned subsidiary of Wolfe Creek.
Green EnviroTech is developing plans to build large-scale plastics recycling facilities near automotive shredder locations throughout the country. The company plans to produce and supply recycled commercial grade plastics and resins to industries with a high plastics demand, such as the automotive and consumer products industries.
Through GET's process, developed in partnership with Thar Process, Inc., recycled commercial grade plastics and resins, generated from shredder residue and waste produced at automotive shredder facilities would be produced.
The first recycling plant is scheduled to be built in Fond du Lac, Wis., with a 100,000-ton-per-year capability and is expected to be a "green" facility that does not produce hazardous waste or emissions. GET also plans to convert waste and scrap plastic into high-value energy products, including synthetic oil.
Get curated news on YOUR industry.
Enter your email to receive our newsletters.
Latest from Recycling Today
- Deloupe offers trailers for the recycled metals market
- Greenwave to undertake another reverse stock split
- CAI Custom Alloys acquired by EverMetal
- Cronimet finalizes JV with battery materials firm
- Producer registration opens for California’s packaging EPR program
- Nexus Circular adds former Braskem America CEO to board of directors
- Houston receives new recycling trucks
- Ace Green unveils system to support antimony recovery, lead battery recycling
