CalRecycle Approves Loan for Carpet Recycler
Sacramento, CA, February 21, 2018-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, according to Recycling Today.
The investments-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.
Circular Polymers received a $2.0 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,” according to Recycling Today. “Circular Polymers intends to process an additional 14,700 tons per year with the new equipment.”