Oklahoma Materials Recycling LLC has broken ground on a planned molybdenum oxide recycling plant in Atoka, Okla. Plans call for the facility to process spent catalyst from the oil refinery industry and recover molybdenum oxide used as an additive in the steel industry for stainless steel and other steel alloys.
Construction of the new plant, expected to be complete by the second quarter of next year, was achieved through partnership with the Atoka Economic Development Authority, assistance from the U.S. Department of Agriculture by providing guarantees under the stimulus program, and incentive from Oklahoma State Tax Credit. The total investment in the project will be approximately $19 million.
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