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Rumpke Gains Federal Financing to Replace Burned Recycling PlantRumpke Gains Federal Financing to Replace Burned Recycling Plant

Allan Gerlat

December 21, 2012

1 Min Read
Rumpke Gains Federal Financing to Replace Burned Recycling Plant

Rumpke Consolidated Companies Inc. will receive $32 million in financing from the state of Ohio for a new recycling plant in Cincinnati to replace the one severely damaged by fire in April.

The new facility will process 55 tons per hour of residential recycling and 20 tons per hour of commercial material, the Ohio Air Quality Development Authority (OAQDA) said in a news release.  The plant will cover 84,000 square feet and employ 110.

Construction for the new facility will begin this month, and it is scheduled for completion in October 2013. Equipment will include six optical scanners, two eddy-current separators, an electromagnet and a mixed-glass removal system.

OAQDA authorized the issue and sale of up to $32 million in exempt facility revenue bonds. It is its first federally tax-exempt financing for a recycling facility.

“This creative financing package will allow Rumpke Recycling to install a state-of-the-art facility that will operate with maximum efficiency and retain our regional capacity at optimal levels,” said Phil Wehrman, chief financial officer for Rumpke.

“Many of the materials to be recycled by this new facility contain substances that ultimately could release air contaminants if placed in landfills,” said Todd Nein, OAQDA interim executive director. “Such projects enable us to achieve our mission of keeping Ohio’s air as clean as possible.”

The fire at the old facility in St. Bernard, Ohio, in April caused severe damage to about two-thirds of the operation. It was Rumpke’s largest material recovery facility (MRF).

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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