Freepoint Eco-Systems LLC ("Freepoint") has announced its plan to build an advanced recycling facility in Ohio to convert waste plastic into feedstock for use in the production of prime-quality plastic. The Ohio facility will recycle about 90,000 tons per year of end-of-life plastic. Commercial operations are expected to commence in 2023.
In October 2021, Freepoint announced that it would be constructing its first advanced recycling facility in Texas within the frame of a strategic partnership with Plastic Energy Ltd. and TotalEnergies. The facility is targeted to start commercial operations in 2024.
"Freepoint is excited to announce its second commercial-scale advanced recycling facility in the United States. The Ohio facility will have a significant positive impact on the environment by reducing the consumption of crude oil-derived feedstocks for prime resins, which will result in carbon left in the ground, a more circular and sustainable economy and a healthier planet Earth. Our goal is to continue to expand our advanced recycling footprint not only in the U.S., but in Europe and Asia, as demand for recycled content in plastic continues to grow," said Jeff McMahon, Managing Director of Freepoint.
