A subsidiary of New York-based GreenSteel LLC said in a news release it sold its IRG membership interest to the Spartanburg, S.C.-based URRC for an undisclosed amount. Other terms weren’t available.
IRG aims for 100-percent usage of plastic scrap by separating all the recyclable plastic from the non-recyclable, and converting the latter into a reducing agent for the steel industry.
The partnership between IRG and URRC provides IRG with access to URRC’s proprietary UnPET food-grade polyethylene terephthalate (PET) recycling technology. IRG currently is developing plants that make PolyCoke by sourcing plastic scrap that cannot be economically recycled by traditional means.
URRC recycles silver-bearing films in the U.S. and post-consumer PET for food-grade applications globally.