Brightmark, a San Francisco-based waste and energy development company, announced today that it is launching a nationwide site search for U.S. locations suitable for its next set of advanced recycling facilities, which will convert hundreds of thousands of tons of post-consumer plastics into new products, including fuels, wax, and other products. The nationwide search will kick off on November 19 with a webinar and formal indication of interest submission for interested communities.
Brightmark expects to make investments of approximately $500 million to $1B at each site location and plans to create more than a hundred jobs in each host community selected through this process, with significant additional indirect economic activity anticipated to occur in each chosen community as a result of the projects. The company’s plastics renewal technology takes single-stream, mixed used plastics and converts it into ultra-low sulphur diesel, naphtha, and wax. The process is also capable of creating the building blocks for new plastics, thus enabling a circular economy in the plastics industry.
Read more at https://www.brightmarkenergy.com/bmerfp