U.S. renewable energy development company Brightmark Energy has injected $57 million to build a commercial-scale plastics-to-fuel plant.
The facility, which will be located in Ashley, Indiana, U.S., will convert 100,000 tons of plastic waste into 18 million gallons of low sulphur diesel fuel and naphtha blend stocks and five million gallons of wax per year.
A total of 136 full time manufacturing jobs will be created in Northeast Indiana when all phases of the facility become operational.
British oil and gas company BP will purchase the fuels produced by the facility, which will be distributed in the regional petroleum market. The Ashley plant will also produce commercial-grade waxes for sale to the industrial wax market.