Upstate Shredding LLC–Ben Weitsman have opened a scrap recycling facility in Port of Albany, N.Y.

The recycling and export shipping facility cost an estimated $15 million, the company said in a news release. The operation, Ben Weitsman of Albany, is located at the port shared by Albany and Rensselaer.

The facility will employ at least 40 and could reach 60 when the facility is fully operational.

The facility includes a fully paved scrap recycling yard, new buildings, high-tech scales and automation, and new metal recycling equipment, with access to both domestic and export markets.

“Having direct access to export facilities will greatly hone our competitive edge and allow us to further tap into domestic and worldwide markets,” said Adam Weitsman, owner and president of Upstate Shredding-Ben Weitsman. “The retail yard in Albany is a huge addition to our footprint.”

The company calls itself the largest privately held scrap metal processor on the East Coast and expects to process 1 million tons of ferrous scrap and 200 million pounds of nonferrous scrap annually by 2014.