Green Energy Renewable Solutions Provides Update on Highland Park Recycling Operations
Green Energy purchased a 5-acre parcel of land in Highland Park, Michigan in November 2011 and began preparation of the site to receive construction and demolition (“C&D”) waste. The site is cleared and most of the necessary equipment is in place to receive waste material and begin advanced recycling operations to recover valuable materials in the waste stream. Green Energy is working closely with local officials to complete the permitting process and expects to commence full operations within 60 days. When complete, Green Energy’s plan is to process 750 tons per day by the end of the third quarter generating annual “tipping fee” revenues of approximately $2,600,000 and significant revenues from recovered recyclable materials.
Additionally, Green Energy has agreed to purchase an adjacent 10-acre parcel to complete the recycling facility. The property is strategically located to make it attractive to locally contracted haulers and the permitting process for acceptance and processing of C&D waste is underway.
Joe Durant, CEO of Green Energy stated, “We are very excited about this project and have received tremendous support in meetings with local and state officials. We feel that we will have a great impact on Highland Park and the Detroit area by bringing in much needed investment and jobs to the area while reducing landfill waste by up to 85%.”