Dive Summary:
- Materials Lifecycle Management Co., a Massachusetts-based secondary materials solutions firm, will open a plant in St. Louis, Missouri, investing between $7-$10 million on the 90,000 square foot facility.
- The company buys commercial waste, transforming it into cubes that are re-sold alone, or with added wood or coal, as a fuel source.
- The St. Louis facility is expected to open in the fall, with a projected annual revenue of $30 million.
From the article:
The company creates “enviro-fuelcubes,” as Dupuis calls them, out of nonresidential, nonhazardous garbage from businesses. These scrap materials include non-recyclable paper, coated paper, paper-based products, plastics, polymer-based materials, fabrics, wood materials, packaging materials and products designated for destruction due to proprietary concerns. [...]
The plant, according to Dupuis, will divert 320,000 tons of trash from being incinerated or sent to a landfill each year, and it will recycle 80,000 tons of material a year. The company intends to open 20 to 25 facilities in the next five years in the United States at a total cost of $140 million to $250 million.
