Office of Public Affairs
For Immediate Release: January 25, 2019
Media Contact: Lance Klug
Infrastructure Investments Add Jobs, Reduce Waste and Greenhouse Gas Emissions
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 BusinessesCalRecycle 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.
|Applicant & Loan Program||New Jobs||Project Description||Loan Amount|
|Peninsula Plastics Recycling, Inc.|
|Greenhouse Gas Reduction Loan||12||Purchase and install equipment at existing Turlock facility to sort/process up to 17,000 tons of plastic 1-7 mixed containers (no longer accepted by China).||$2,000,000|
|Recycling Market Development Zone Loan||Purchase and install wet grinders and solar power system for existing recycling facility in Turlock.||$2,000,000|
|U.S. Rubber Recycling, Inc.|
|Recycling Market Development Zone Loan||5||Purchase new property in Grand Terrace, Calif., and new equipment to expand current operations to transform an additional 300 tons of waste tires each year into rubber molded products like floor mats, sound control products, and industrial products.||$1,300,000|