CalRecycle loans go to tissue maker, carpet recycler

CalRecycle loans go to tissue maker, carpet recycler
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The California Department of Resources Recycling and Recovery (CalRecycle) has approved nearly $4 million in new Recycling Market Development Zone (RMDZ) loans for two businesses in the state. The business investments in Los Angeles and Placer counties, one to a carpet recycler and the other to a tissue producer, are expected to divert an additional 17,000 tons of carpet and paper from California landfills each year.

The tissue producer receiving the loan is Princess Paper Inc. in Vernon, California, near Los Angeles The $1.9 million loan will help the company purchase and install new equipment to expand its production of recycled-content facial tissue, napkins, bathroom tissue and other products. The expansion is intended to help the company consume an additional 2,200 tons of scrap paper each year.

The other loan recipient is Circular Polymers LLC , based in Lincoln in northern California. Its $2 million loan is for the purchase and installation of equipment to expand its carpet recycling and processing capacity. The company’s facility separates discarded carpet by fiber type, cuts or shreds it into smaller sizes, then deconstructs it to produce nylon fiber, PET plastic, polypropylene and calcium carbonate residuals, which can then be sold to subsequent manufacturers. Circular Polymers intends to process an additional 14,700 tons per year with the new equipment.

“For the past 25 years, CalRecycle’s RMDZ loan program has been an important tool to help California develop more recycling infrastructure in our state,” says CalRecycle Director Scott Smithline. “Supporting these types of private infrastructure investments help insulate California from global market fluctuations—like we currently see as a result of China’s National Sword policy—while making progress toward achieving the state’s greenhouse gas reduction and 75 percent recycling goals.”

CalRecycle’s (RMDZ) program provides loans, technical assistance and free product marketing to businesses that use discarded or scrap materials to manufacture their products. Businesses must be located within one of California’s 39 Recycling Market Development Zones. 

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Source: Recycling Today
CalRecycle loans go to tissue maker, carpet recycler
<![CDATA[The California Department of Resources Recycling and Recovery (CalRecycle) has approved nearly $4 million in new Recycling Market Development Zone (RMDZ) loans for two businesses in the state. The business investments in Los Angeles and Placer counties, one to a carpet recycler and the other to a tissue producer, are expected to divert an additional 17,000 tons of carpet and paper from California landfills each year. The tissue producer receiving the loan is Princess Paper Inc. in Vernon, California, near Los Angeles The $1.9 million loan will help the company purchase and install new equipment to expand its production of recycled-content facial tissue, napkins, bathroom tissue and other products. The expansion is intended to help the company consume an additional 2,200 tons of scrap paper each year. The other loan recipient is Circular Polymers LLC , based in Lincoln in northern California. Its $2 million loan is for the purchase and installation of equipment to expand its carpet recycling and processing capacity. The company’s facility separates discarded carpet by fiber type, cuts or shreds it into smaller sizes, then deconstructs it to produce nylon fiber, PET plastic, polypropylene and calcium carbonate residuals, which can then be sold to subsequent manufacturers. Circular…