Poly-Pacific International Inc. announced the successful negotiation with Poly-Ran Reclamation Inc. to acquire its 30 percent interest in a landfill in Kingston, Ontario. The deal is expected to be complete by early next month. Poly-Pacific manufactures boith plastic blast media and plastic lumber. (Click here to read earlier article)
The landfill, which was closed 20 years ago, is estimated to have around 180,000 metric tons of industrial waste nylon.
Randy Hayward, president of Poly-Pacific, said, "This is a significant step in acquiring 100 percent beneficial control of the McAdoo Lane Landfill Site for Poly-Pacific. . . The company is expecting receipt of the final access approval from the city of Kingston imminently."
Poly-Pacific International Inc. has an extensive history in bringing leading edge technologies for the exploitation of plastic and recycled plastic in Canada and the United States. The Company is actively pursuing a number of additional polymer landfill opportunities in North America.
Earlier this year the city of Kingston approved an agreement that allowed Poly-Pacific to gain access for the assessment of fiber resource in order to investigate the potential for the removal and recycling of the polymer.