Freepoint Eco-Systems Announces Project Finance Facility with ING
Freepoint Eco-Systems has secured a groundbreaking $50 million non-recourse project finance facility from ING Capital for its plastic waste upcycling facility in Hebron, Ohio. The facility, with a capacity to process 180 million pounds of plastic waste annually, represents one of the world's largest commercial-scale operations for converting hard-to-recycle plastic into hydrocarbon-rich liquid for new products.
This landmark financing deal marks the first of its kind in the developing plastic reclamation space, demonstrating that innovative plastic upcycling facilities can access project finance loan markets. The facility aims to reclaim waste plastic otherwise destined for landfills or incineration, supporting Freepoint's strategy to establish multiple waste plastics upcycling facilities globally.
Freepoint Eco-Systems ha ottenuto un'innovativa linea di finanziamento per progetti non recourse da 50 milioni di dollari da ING Capital per il suo impianto di riciclo dei rifiuti plastici a Hebron, Ohio. L'impianto, con una capacità di elaborare 180 milioni di libbre di rifiuti plastici all'anno, rappresenta una delle operazioni commerciali su larga scala più grandi al mondo per la conversione della plastica difficile da riciclare in un liquido ricco di idrocarburi per nuovi prodotti.
Questo accordo di finanziamento storico segna il primo del suo genere nel settore in via di sviluppo della reclamazione della plastica, dimostrando che gli impianti innovativi di upcycling della plastica possono accedere ai mercati di prestiti per finanziamenti di progetto. L'impianto mira a recuperare la plastica di scarto destinata altrimenti alle discariche o all'incenerimento, sostenendo la strategia di Freepoint di stabilire più impianti di upcycling della plastica a livello globale.
Freepoint Eco-Systems ha conseguido una facilidad de financiamiento de proyectos no recourse de 50 millones de dólares de ING Capital para su instalación de reciclaje de residuos plásticos en Hebron, Ohio. La instalación, con una capacidad para procesar 180 millones de libras de residuos plásticos anualmente, representa una de las operaciones comerciales a gran escala más grandes del mundo para convertir plásticos difíciles de reciclar en un líquido rico en hidrocarburos para nuevos productos.
Este acuerdo de financiamiento histórico marca el primero de su tipo en el espacio en desarrollo de la recuperación de plásticos, demostrando que las instalaciones innovadoras de upcycling de plásticos pueden acceder a los mercados de préstamos para financiamiento de proyectos. La instalación tiene como objetivo recuperar plásticos desechados que de otro modo estarían destinados a vertederos o incineración, apoyando la estrategia de Freepoint de establecer múltiples instalaciones de upcycling de plásticos a nivel mundial.
Freepoint Eco-Systems는 오하이오주 헤브론에 있는 플라스틱 폐기물 업사이클링 시설을 위해 ING Capital로부터 5천만 달러의 비상환 프로젝트 금융 시설을 확보했습니다. 이 시설은 연간 1억 8천만 파운드의 플라스틱 폐기물을 처리할 수 있는 능력을 가지고 있으며, 재활용이 어려운 플라스틱을 새로운 제품을 위한 탄화수소가 풍부한 액체로 전환하는 세계 최대 상업 규모의 운영 중 하나를 나타냅니다.
이 획기적인 금융 거래는 개발 중인 플라스틱 회수 분야에서 최초의 사례로, 혁신적인 플라스틱 업사이클링 시설이 프로젝트 금융 대출 시장에 접근할 수 있음을 보여줍니다. 이 시설은 매립지나 소각로로 향하는 폐기 플라스틱을 회수하는 것을 목표로 하여, Freepoint의 전 세계적으로 여러 폐기 플라스틱 업사이클링 시설을 설립하려는 전략을 지원합니다.
Freepoint Eco-Systems a obtenu une facilité de financement de projet non-recourse de 50 millions de dollars de ING Capital pour son installation de recyclage des déchets plastiques à Hebron, Ohio. L'installation, avec une capacité de traitement de 180 millions de livres de déchets plastiques par an, représente l'une des plus grandes opérations commerciales au monde pour convertir les plastiques difficiles à recycler en un liquide riche en hydrocarbures pour de nouveaux produits.
Ce financement historique marque le premier du genre dans le domaine en développement de la récupération des plastiques, démontrant que des installations innovantes d'upcycling des plastiques peuvent accéder aux marchés de prêts pour le financement de projets. L'installation vise à récupérer les déchets plastiques destinés autrement aux décharges ou à l'incinération, soutenant la stratégie de Freepoint d'établir plusieurs installations d'upcycling des plastiques à l'échelle mondiale.
Freepoint Eco-Systems hat eine bahnbrechende Projektfinanzierungseinrichtung ohne Rückgriff in Höhe von 50 Millionen Dollar von ING Capital für seine Kunststoffabfall-Upcycling-Anlage in Hebron, Ohio, gesichert. Die Anlage hat eine Kapazität zur Verarbeitung von 180 Millionen Pfund Kunststoffabfall jährlich und stellt eine der größten kommerziellen Betriebe weltweit dar, die schwer recycelbaren Kunststoff in kohlenwasserstoffreiche Flüssigkeiten für neue Produkte umwandelt.
Dieses wegweisende Finanzierungsabkommen ist das erste seiner Art im sich entwickelnden Bereich der Kunststoffrückgewinnung und zeigt, dass innovative Kunststoff-Upcycling-Anlagen Zugang zu Projektfinanzierungsdarlehen haben können. Die Anlage zielt darauf ab, Kunststoffabfälle zurückzugewinnen, die ansonsten auf Deponien oder zur Verbrennung bestimmt wären, und unterstützt Freepoints Strategie, weltweit mehrere Upcycling-Anlagen für Kunststoffabfälle einzurichten.
- Secured substantial $50 million project financing from major bank ING
- Facility features large-scale capacity of 180 million pounds annual plastic processing
- First-of-its-kind financing demonstrates bankability of plastic recycling technology
- Strategic positioning for global expansion with multiple facilities planned
- None.
"We are excited to be partnering with ING in demonstrating that plastic upcycling facilities that utilize new technology have access to the project finance loan markets," said Jeff McMahon, Managing Director at Freepoint Eco-Systems. "At 180 million pounds per year of plastic waste processing capacity, our
Subha Pasumarti, Managing Director at ING Capital said, "We are thrilled to close this ground-breaking loan facility for Freepoint Eco-Systems' first commercial-scale upcycling facility. This transaction reiterates ING's commitment to support clients active in the circular economy and sustainability sectors. We anticipate demand for debt capital in the plastics recycling market will continue to grow as more waste plastic is recovered and recycled worldwide."
About Freepoint Eco-Systems
Freepoint Eco-Systems and its related companies are affiliates of Freepoint Commodities LLC, a global commodities merchant providing supply chain management services and eco-friendly products and solutions to its customers. Among other things, Freepoint Eco-Systems is in the business of helping companies and waste collectors improve their collection and disposal of plastic waste by upcycling it into a valuable commodity. Freepoint Eco-Systems and its related companies are engaged in business operations in the
About ING
ING Capital LLC is a financial services firm offering a full array of wholesale financial lending products and advisory services to its corporate and institutional clients. ING Capital LLC is an indirect
ING Group shares are listed on the exchanges of
Please note that neither ING Groep NV nor ING Bank NV have a banking license in the
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SOURCE Freepoint Eco-Systems LLC
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