Republic Services, Blue Polymers Celebrate Opening of Indianapolis Plastics Recycling Complex

PR Newswire03-18

Polymer Center and Blue Polymers facilities are designed to produce 175 million pounds of recycled plastics annually for sustainable packaging and other uses INDIANAPOLIS, March 18, 2025 /PRNewswire/ ...

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}","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2520584569","pubTimestamp":1742328600,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Polymer Center and Blue Polymers facilities are designed to produce 175 million pounds of recycled plastics annually for sustainable packaging and other uses. INDIANAPOLIS, March 18, 2025 /PRNewswire/ -- Leaders from Republic Services, Inc.  and Blue Polymers, LLC, today celebrated the opening of North America's first Polymer Center and Blue Polymers plastics recycling complex, transforming plastics circularity from curbside collection to consumer packaging and back again.\"The opening of the first Polymer Center-Blue Polymers complex is a significant milestone in advancing circularity for plastic packaging in Indiana and across the region,\" said Jon Vander Ark, Republic Services president and chief executive officer. \"As a leader in environmental services, Republic Services is uniquely positioned to help meet customers' demands for sustainable packaging and support Indianapolis' vision to create a more resilient future.\". 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(NYSE: RSG) and Blue Polymers, LLC, today celebrated the opening of North America's first Polymer Center and Blue Polymers plastics recycling complex, transforming plastics circularity from curbside collection to consumer packaging and back again.\n\"The opening of the first Polymer Center-Blue Polymers complex is a significant milestone in advancing circularity for plastic packaging in Indiana and across the region,\" said Jon Vander Ark, Republic Services president and chief executive officer. \"As a leader in environmental services, Republic Services is uniquely positioned to help meet customers' demands for sustainable packaging and support Indianapolis' vision to create a more resilient future.\"\nThe 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.\nThe Polymer Center will process recycled plastics collected from homes and businesses in Indiana and nearby states, including PET (water and soda bottles), HDPE (milk jugs or detergent bottles) and polypropylene (to-go cups or margarine tubs). PET will be shredded and washed to produce recycled PET (rPET) flake, which is used to manufacture new beverage bottles. The HDPE and polypropylene will be sorted by color and type then sent to Blue Polymers to be compounded, blended and pelletized, creating custom drop-in solutions for customers.\nUntil now, the fate of a recycled plastic bottle or jug in the U.S. wasn't a new plastic bottle or jug; instead, it was generally downcycled into carpet, clothing or construction pipe – materials that have few options for further recycling. The Polymer Center and Blue Polymers facilities expect to significantly extend the lifecycle of plastic packaging. Republic Services estimates that most PET bottles can be recycled into new bottles six to seven times, while the process for recycling most HDPE jugs is designed to return them to store shelves in as little as 120 days.\nRepublic 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 Las Vegas, and a second Blue Polymers facility is scheduled to open later this year in Buckeye, Arizona. Another Polymer Center-Blue Polymers complex is in development in the Northeastern U.S.\nThe Indianapolis recycling complex includes two buildings totaling approximately 300,000 square feet. Together, the two operations are expected to create about 125 permanent, highly skilled local jobs.\nThe project received support through a grant from the Indiana Department of Environmental Management's Central Indiana Waste Diversion Pilot Project; tax credits from the City of Indianapolis in conjunction with Develop Indy, the Indianapolis Department of Metropolitan Development and Employ Indy; Indiana Economic Development Corp. (IEDC) incentive-based tax credits, based on the company's investment and job creation plans; and IEDC Hoosier Business Investment tax credits, designed to help companies invest in smart manufacturing and new technologies.\nAbout Republic ServicesRepublic 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.\nAbout Blue PolymersBlue 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.\nINFORMATION REGARDING FORWARD-LOOKING STATEMENTSThis 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.\nRepublic Services Media RelationsMedia@RepublicServices.com(480) 757-9770\nBlue Polymers Media RelationsMedia@BluePolymers.com\n\n\n\n\n  \n  \n  \n\n View original content to download multimedia:https://www.prnewswire.com/news-releases/republic-services-blue-polymers-celebrate-opening-of-indianapolis-plastics-recycling-complex-302405040.html\nSOURCE Republic Services, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.32.1","shortVersion":"4.32.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2520584569"}