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2014 July 01
Company Description
The Company plans to build, own and operate a 25 ton per hour ('TPH') material recovery facility ('MRF') in Licking County Ohio.
The Company plans to build, own and operate a 25 ton per hour ('TPH') material recovery facility ('MRF') in Licking County Ohio. We had a prior operation in this region that was destroyed by fire in July 2014. We formed this LLC with the intent to re-build in the region. We have excellent relationships with the regional waste haulers and will open for business with incoming material volume of over 1600 tons per month ('TPM'). We intend to grow the business to 2100 TPM in year 2 and 2600 TPM in year 3. It is our objective to provide regional waste companies and communities a viable 'partner' to implement residential curbside recycling programs and community sponsored recycling programs. We differ from our competitors in that we truly look at our customers as partners and have developed a profit sharing arrangement that allows the customer to realize a profit from the collected material without having to build processing facilities. This business is scalable and we are currently looking as sites in KY and OK for our next Projects. Once operational we will also add similar products for Commercial/Industrial customers where we will work with customers to develop solutions to their current waste management programs which will focus on diverting material from landfills thereby avoiding costs for transportation and landfilling tip fees. The product offering will allow the customer to reduce costs and find value in material previously viewed as waste. We are currently seeking lease/debt financing for the Project in Licking County Ohio. We have a Venture Capital partner that has committed $600K in equity to the Project Company. In addition to the equity commitment of $600,000 we have a commitment from Westfund, LLC to provide a $300K AR line of credit once we are operational. This source of working capital is a factoring facility. Other financial structures with an investor would also be considered.
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Manufacturer:
Software -
Formed:
July 1, 2014 -
Company Website:
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Company E-mail:
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Company Address:
Overland Park, KSUnited States -
CEO:
- Michael Moore
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