FOR IMMEDIATE RELEASE
Re: RES Polyflow Selects Ashley, Indiana For Regional Production Facility
Perry, Ohio / December 22, 2015 – Ohio based manufacturer RES Polyflow announced today that Ashley Indiana has been selected as the location for its Midwest production facility. Groundbreaking will take place in the second quarter of 2016. Once operational, phase one of the facility will produce on an annual basis 17.0MM gallons of ultra-low sulfur diesel and gasoline blendstocks for the petroleum market from the conversion of 100,000 tons of plastic scrap utilizing the company’s patented process. The project will create 136 full time jobs when completed with phase one generating approximately $90.0MM in capital investment in Steuben County Indiana.
RES Polyflow CEO, Jay Schabel comments, “The Ashley site offers many logistical advantages for our suppliers and customers which allows us to expand rapidly to achieve our ten-year growth plan. However, the deciding factor was the responsiveness and support shown by the people of Ashley, Steuben County and the State of Indiana. They are truly partnering with us on the journey of commercializing this unique technology with their sights set on the reward of creating competitive manufacturing jobs while improving the planet for existing and future generations.”
State and local support for the project became a critical factor in the decision to build in Ashley. The Indiana Economic Development Corporation (IEDC) offered RES Polyflow LLC up to $900,000 in conditional tax credits and up to $100,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Likewise, a local economic development package valued at $4.4MM offered by Steuben County and the Town of Ashley complemented the state’s investment offer. Company officials estimate that a second phase of the project planned for completion by 2021 will double the capacity of the plant.
“Steuben County is happy to work with Indiana and the Town of Ashley to support this project. We believe this is a viable business and look forward to seeing them grow in the community.”, stated Ron Smith, President of the Steuben County Board of Commissioners.
Randy McEntarfer, Ashley Town Manager added, “The proximity to rail and Interstate 69, the Klink Group, Steuben County and the State of Indiana have all helped to bring this exciting project to Ashley and we are grateful. RES Polyflow is bringing high wage jobs and cutting edge technology to the community.”
The Ashley Indiana facility is the first commercial facility featuring the RES Polyflow plastics-to-fuel conversion technology. In addition to converting local plastic waste materials into fuel, the plant will also serve as a central hub for upgrading the production output of other RES Polyflow plants planned for surrounding Midwestern states. Company headquarters will remain in Perry, Ohio.
About RES Polyflow
RES Polyflow manufactures a commercial scale energy recovery system that offers an end of life solution for non-recycled waste plastic items such as film, containers, packaging, thermosets, and polystyrene. The company’s proprietary process complements current recycling efforts by converting these low value co-mingled plastic scrap streams into marketable petroleum blendstocks on a continuous and profitable basis. RES Polyflow is a founding member of the Plastics-to-Fuel Technologies Alliance based in Washington DC. To learn more about RES Polyflow’s innovative process, visit www.respolyflow.com.
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October 2, 2013
RES Polyflow Concludes Successful Scale-Up Campaign of Continuously Fed Waste Plastic-To-Oil Conversion Technology
Akron, Ohio based RES Polyflow announced today that the scale-up campaign for the company’s patented energy recovery technology has successfully concluded with results that meet or exceed company expectations. Supported in part by an Ohio Third Frontier grant, the demonstration campaign conducted throughout the summer of 2013 proved that the company’s waste plastic conversion process is stable and efficient in a full-scale production environment and that all material inputs and outputs are able to be managed on a continuous process basis.
RES Polyflow CEO Jay Schabel stated, “The RES Polyflow team has a rich history of achieving the goals set before them in proving out the technology through the classical steps to commercialization. We prove our capability with our results and are now excited to construct our first continuous operation plant with profitability at the forefront. As we achieve this critical milestone we would like to express our sincere appreciation to the Third Frontier program, our operating team and shareholders, and the strategic partners who have been by our side for nearly five years.”
“RES Polyflow is yet another example of how Ohio Third Frontier sparks early-stage companies to be successful and to grow and succeed in Ohio,” said David Goodman, director of the Ohio Development Services Agency and chairman of the Ohio Third Frontier Commission.
The company intends to pursue various avenues of next-stage growth, including the possibility of converting the Perry, Ohio demonstration site into a fully operational production facility over the next 12 months. A number of independent plant owner/operators attended the summer demonstrations and are now in negotiation with RES Polyflow to license the technology for implementation in North America and overseas. The company previously announced a joint venture agreement with a Las Vegas NV based group under the name ENRETEC to commercialize the technology in specific western US markets.
About RES Polyflow
RES Polyflow designs, markets and manufactures energy recovery systems that offer an end of life solution for mixed plastic and rubber waste including tires, carpeting and e-waste. Normally these materials are discarded in landfills, incinerated or exported overseas. RES Polyflow’s continuous feed process equipment converts these items into renewable transportation fuels, octane enhancers and aromatics using a patented waste to energy conversion process. In 2011 the company received a State of Ohio Third Frontier Advanced Energy Program grant to demonstrate the RES Polyflow process at scale. For additional information, go to www.respolyflow.com.
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July 18, 2013
RES Polyflow Announces West Coast Implementation Partner, ENRETEC LLC
Akron, Ohio based RES Polyflow announces the formation of ENRETEC, a Nevada based company that will direct the implementation of energy recovery sites in the Western United states featuring RES Polyflow’s patented end-of-life plastic recycling technology. The joint venture is owned and operated by RES Polyflow and principals of the development and implementation team, investor group Polyflow West.
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February 7, 2013
RES Polyflow Readies Start-Up of Energy Recover Facility in Ohio
Akron, Ohio based RES Polyflow announced that its first full scale energy recovery facility in NE Ohio is nearing completion and will be operational as a demonstration facility for customers in the spring. Funded in part by an Advanced Energy Program Grant from the Ohio Third Frontier program, the facility features a continuous feed waste to energy conversion process that produces oil from end of life plastics and rubber. The project broke ground in Fall 2012 and is located east of the City of Cleveland in Lake County.
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July 30, 2012
Polyflow LLC and Ambassador Enterprises Join to Form RES Polyflow, A Manufacturer of Energy Recovery from Plastic Waste Systems
Akron, Ohio based Polyflow LLC and private equity firm Ambassador Enterprises of Ft. Wayne Indiana announced today that they have completed an agreement to form Renewable Energy Solutions by Polyflow to commercialize Polyflow’s award winning energy recovery equipment and technology. The new firm will be known as RES Polyflow and will remain headquartered in Akron with current Polyflow CEO Jay Schabel leading the effort. Joining Schabel on the corporate team are Michael Dungan who will serve as Director of Sales and Marketing, Charles Grispin as the Director of Technology and Richard Schwarz PhD as Technical Advisor. Financial terms were not disclosed.
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