Greenwave secures property for metal recycling facility in Cleveland

Greenwave Technology Solutions Inc., Chesapeake, Virginia, has secured the property formerly occupied by JBI Scrap Processors on East 55th Street in Cleveland to open a scrap metal recycling facility. Greenwave operates metal recycling facilities throughout Virginia and North Carolina.

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The company says it expects its Cleveland facility to generate significant revenues and positive cashflows from operations during fiscal year 2023. The property has access to the adjoining railroad to transport the scrap metal it processes, adding that hundreds of local businesses and individuals are accustomed to selling their metal scrap to facilities in the same vicinity on a regular basis.

Greenwave is currently training employees on its processes and procedures and on-boarding the facility to its cloud-based enterprise resource planning software, and expects to begin operations by February 28.