International Recycling Group to invest $100M in plastics recycling facility
International Recycling Group (IRG), a privately held startup company based in Erie, Pennsylvania, plans to build a large plastics recycling plant in Erie. According to an announcement on International Recycling Group’s website, Erie Insurance and The Plastek Group, Erie, have invested $9 million in the facility.
Erie Insurance is investing in the new IRG plant through its Opportunity Zone Fund based on the company meeting predevelopment progress milestones, IRG reports. Separately, Plastek has purchased an equity stake in IRG’s parent company, GreenSteel LLC.