Republic Services, Blue Polymers Celebrate Opening of Indianapolis Plastics Recycling Complex
Rhea-AI Summary
Republic Services (NYSE: RSG) and Blue Polymers celebrated the opening of North America's first Polymer Center and Blue Polymers plastics recycling complex in Indianapolis. The facilities are designed to produce 175 million pounds of recycled plastics annually for sustainable packaging and other applications.
The complex will process various types of plastics including PET, HDPE, and polypropylene collected from homes and businesses in Indiana and nearby states. The Polymer Center will process PET into recycled flake for new beverage bottles, while HDPE and polypropylene will be sent to Blue Polymers for compounding and pelletizing.
Key highlights:
- The complex spans 300,000 square feet across two buildings
- Expected to create 125 permanent, highly skilled local jobs
- PET bottles can be recycled 6-7 times
- HDPE jugs can return to store shelves in 120 days
The project received support through various grants and tax credits from Indiana state agencies. Additional facilities are planned nationwide, with a Polymer Center already operating in Las Vegas and upcoming locations in Buckeye, Arizona, and the Northeastern U.S.
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On the day this news was published, RSG gained 0.22%, reflecting a mild positive market reaction.
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Polymer Center and Blue Polymers facilities are designed to produce 175 million pounds of recycled plastics annually for sustainable packaging and other uses
"The opening of the first Polymer Center-Blue Polymers complex is a significant milestone in advancing circularity for plastic packaging in
The Indianapolis Polymer Center and Blue Polymers facilities are designed to work together to produce more than 175 million pounds annually of recycled plastics for use in food-grade packaging and other applications. The Polymer Center is owned and operated by Republic Services, and Republic is a joint-venture partner in Blue Polymers.
The Polymer Center will process recycled plastics collected from homes and businesses in
Until now, the fate of a recycled plastic bottle or jug in the
Republic Services and Blue Polymers are developing a network of plastics recycling facilities for nationwide coverage. A Republic Services Polymer Center opened in late 2023 in
The
The project received support through a grant from the Indiana Department of Environmental Management's Central Indiana Waste Diversion Pilot Project; tax credits from the
About Republic Services
Republic Services, Inc. is a leader in the environmental services industry. Through its subsidiaries, the company provides customers with the most complete set of products and services, including recycling, solid waste, special waste, hazardous waste and field services. Republic's industry-leading commitments to advance circularity and support decarbonization are helping deliver on its vision to partner with customers to create a more sustainable world. For more information, please visit RepublicServices.com.
About Blue Polymers
Blue Polymers, LLC is a joint venture bringing together leaders in collection, recycling, processing and distribution to transform plastics circularity and support sustainable packaging. Learn more at BluePolymers.com.
INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking information about us that is intended to be covered by the safe harbor provided by the Private Securities Litigation Reform Act of 1995. Words such as "guidance," "expect," "will," "may," "anticipate," "estimate," "intend," "can," "could," and similar expressions are intended to identify forward-looking statements. Forward-looking statements are not guarantees of performance and are based upon our current expectations, which we believe to be reasonable, but cannot assure you will prove to be correct. Among the factors that could cause actual results to differ materially from the expectations expressed in the forward-looking statements are our ability to realize the expected benefits of our Polymer Centers and Blue Polymers complexes, our expectations regarding the impact of these centers, the volume of plastics they can process, the jobs and tax benefits they create and our ability to effectively scale the centers. More information on factors that could cause actual results or events to differ materially from those anticipated is included from time to time in our reports filed with the Securities and Exchange Commission. We undertake no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
Republic Services Media Relations
Media@RepublicServices.com
(480) 757-9770
Blue Polymers Media Relations
Media@BluePolymers.com
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SOURCE Republic Services, Inc.
