Local Economies Get Green Boost: $5.3 Million

Infrastructure Investments Add Jobs, Reduce Waste and Greenhouse Gas Emissions

 

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SACRAMENTO – The California Department of Resources Recycling and Recovery approved $5.3 million in loans to two California companies to create new jobs, increase recycling infrastructure, and reduce greenhouse gas emissions in California. The financing will help Peninsula Plastics Recycling, Inc. of Turlock (Stanislaus County) and U.S. Rubber Recycling, Inc. of Grand Terrace (San Bernardino County) expand their workforce while making use of an additional 17,300 tons of California-generated waste tires and plastic each year.

“These local investments benefit all Californians by transforming a potential waste stream into a supply stream for our businesses, creating jobs, protecting our planet, and reducing our dependence on unstable foreign markets,” CalRecycle Director Scott Smithline said. In addition to conserving oil and other natural resources, manufacturing products from recycled materials requires less energy and results in fewer GHG emissions than making products from virgin materials.”

CalRecycle Support Available for California Recycling Businesses

CalRecycle provides financial and technical assistance to help reuse- and recycling-based businesses develop and prosper in California.

  • CalRecycle’s Greenhouse Gas Reduction Loan Program is part of California Climate Investments, a statewide program that puts billions of Cap-and-Trade dollars to work reducing greenhouse gas emissions, strengthening the economy, and improving public health and the environment, particularly in disadvantaged communities. Through direct low-interest loans, CalRecycle financing helps California businesses expand capacity or establish new facilities that manufacture organics, fiber, plastic, or glass waste materials into new products.
  • CalRecycle’s Recycling Market Development Zone Loan Program combines recycling with state and local economic development incentives to fuel new businesses, expand existing ones, and create additional markets for recycled-content products. The RMDZ program provides loans, technical assistance, and product marketing to recycling businesses located within one of the state’s 40 designated recycling market development zones.

Peninsula Plastics and U.S. Rubber Recycling -- $5.3 million

— Lance Klug
Posted on Jan 28, 2019

Summary: CalRecycle approved $5.3 million in loans to two California companies to create new jobs, increase recycling infrastructure, and reduce greenhouse gas emissions in California. The financing will help Peninsula Plastics Recycling, Inc. of Turlock (Stanislaus County) and U.S. Rubber Recycling, Inc. of Grand Terrace (San Bernardino County) expand their workforce while making use of an additional 17,300 tons of California-generated waste tires and plastic each year.