LPO Announces Conditional Commitment to IRG Erie to Build Pennsylvania Mechanical Plastics Recycling Facility that Will Help Lower Steelmaking Emissions
The U.S. Department of Energy’s Loan Programs Office (LPO) today announced a conditional commitment for a loan guarantee of up to $182.6 million to IRG Erie, Inc. (IRG Erie) to finance the construction of a plastics recycling facility in Erie, Pennsylvania, and an injection system tower at a steel manufacturing facility in northwest Indiana. The new recycling facility will mechanically recycle polyethylene terephthalate (PET), high-density polyethylene (HDPE), and polypropylene (PP) polymers, converting approximately 160,000 tons per year of post-consumer waste plastic into approximately 100,000 tons per year of recycled plastic materials that will be used to replace virgin plastics. The facility will also produce about 20,000 tons per year of CleanRed™ from residual plastic output.