TORONTO, March 10, 2015 /CNW/ - Canada Fibers Ltd. (Canada Fibers) announced today that it is commissioning a technologically advanced plastics recycling plant named Urban Polymers. The new venture will focus on creation of pure, homogeneous plastic materials from post-consumer and post-industrial waste, using state-of-the art equipment and additive formulations sourced globally. Urban Polymers will commence operations this spring at a 160 thousand square foot facility located in North Toronto.
During its initial phases of development, Urban Polymers will focus on production of polyethylene terephthalate (PET) flake material, as well as production of compounded polyethylene (PE) and polypropylene (PP) in pellet form. PET is the primary source of material for beverage bottles and single serving food containers, with PE and PP utilized to produce packaging for other liquids including household detergents.
Urban Polymers is configuring its operations to provide unrivaled purity and consistency for plastic processing customers. Further, Urban Polymers will distinguish itself through advanced custom compounding of PP and PE materials. Urban Polymers will be capable of processing 25 million pounds per year of PET and 11 million pounds per year of PP/PE during its initial phases of development, representing a significant increment to recycling infrastructure in the country.
"We simply aim to provide plastics processors with a sustainable complement to prime materials," noted Mark Badger who is leading Urban Polymers. Mr. Badger was formerly the CEO of the Canadian Plastics Industry Association where he facilitated programs to advance recovery of plastic materials post-use, having served in senior executive capacities in the plastics industry for three decades. Mr. Badger added that Urban Polymers has "assembled an experienced technical team who are targeting industry segments not yet penetrated in North America."
"Urban Polymers represents another step with Canada Fiber's forward integration strategy," noted Canada Fibers' CEO Joe Miranda. He added that, "forward integration will help recovered solid waste remain domestic, providing an edge for industrial customers in North America." Mr. Miranda was recently appointed to Canada's Clean 50, in recognition of his leadership with clean technology advancements.
Canada Fibers was established almost 25 years ago as a Toronto-based paper recovery and marketing operation. Since then, operational scope has broadened to include recovery, separation and marketing of a wide variety of recovered materials, comprising plastic, glass, aluminum, paper and metal materials. Today, CFL's supply side customers include municipalities in the Province of Ontario, as well as Institutional, Commercial and Industrial organizations.
SOURCE Canada Fibers Ltd.
For further information: Mark Badger, Canada Fibers / Urban Group, 416 253 0400 x2010