We have a soft spot in my heart for “Green” companies and this one is such a unique offering. Blue Earth Solutions provides practical, economical and environmentally friendly polystyrene recycling using its patented StyroSolve™ system to produce high quality recycled polystyrene pellets suitable for use in virtually all EPS manufacturing applications. They provide a biodegradable solution to recycle EPS foam and re-manufacture high quality polystyrene pellets.
Their two new recycling plants have been approved by the Gulf Coast Waste Disposal Authority Board of Directors. This approval reflects the second of a series of planned municipal bond offerings nationwide for the construction of StyroSolve™ foam recycling facilities. Each inducement resolution totals $10 million to bring the total award to $20 million. The plants will be located in the Harris and Dallas counties. As soon as Blue Earth Solutions has approval from the Secretary of State, Gulf Coast WDA will file for state cap from the Bond Review Board. Blue Earth Solutions and Jesup & Lamont Securities are finalizing the details in connection with the approval and sale process for each of these bond offerings.
James Cohen Jr., Vice President of Business Development commented, “We will immediately begin the process of identifying prospective locations for each of these two new facilities. Additionally we will begin building relationships with local foam waste producers to establish the supply chain for each facility.” Recycling local foam waste not only helps the environment, but also creates jobs in distressed markets. Now, that’s a great cause to support.
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