Brightmark plans to develop a 2.5 million-square-foot circularity center in Thomaston, Georgia, an hour NE of Columbus. The facility, which will cost $950 million to build, will have the capacity to repurpose over 400,000 tons of plastic per year. Brightmark’s system takes discarded plastic content and converts it into materials to create new circular plastic products, diverting waste otherwise bound for landfills, incinerators, and waterways.
Brightmark’s Plastics Renewal® solution repurposes existing material on a large scale, including hard-to-recycle plastics from a variety of sources, such as industrial sites, manufacturing facilities, and schools. The company also works with material recovery facilities (MRF) to capture post-consumer plastic. Brightmark then converts these plastics into materials used to create new circular products that can be reused, reducing the need for new plastic.
Brightmark intends to invest $20 million in additive infrastructure projects, including upgrades to utilities, roadway improvements, rail access extensions, and other necessary resources. The facility will create 200 jobs.
The post Plastics Recycler Developing $950M Georgia “Circularity Center” appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate
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