Macon-Bibb County Industrial Authority to Discuss $ 500 Million Loan to Recycling Plant
The Authority is due to hold a public hearing on Monday at 11 a.m. on the advisability of issuing tax bonds to Brightmark Plastic Renewal.
MACON, Georgia – Macon-Bibb County will soon be home to “the world’s largest advanced plastics recycling and renewal facility.” But before that move happens, the county may have to lend a wad of cash.
The Macon-Bibb County Industry Authority plans to lend up to $ 500 million to Brightmark Plastics Renewal.
On Monday, the authority will hold a public hearing on whether to issue tax bonds for the project.
According to a Notice of Hearing, the money will be used to purchase the land and build the facility.
The plant will be located in South Bibb County at 2300 Walden Road, adjacent to the industrial highway.
In June, Brightmark announced plans to build the facility. In the announcement, the company said it plans to invest more than $ 680 million in the Macon plant.
The facility will span over 5 million square feet and bring more than 100 engineering, maintenance and operations jobs to Macon.
Brightmark says the site will sustainably recycle all plastic waste that can no longer be recycled, such as plastic films, styrofoam, plastic cups, car seats and children’s toys.
When completed, the site will divert 400,000 tonnes of plastic waste from landfills and incinerators.
The Macon site will be Brightmark’s second installation. The first is in Indiana.
The public hearing will take place on Monday, November 29 at 11 a.m. You can access the meeting by calling the toll-free number (844) 735-0635 and using the Zoom meeting ID: 29315193 #.