PASSAIC,
N.J., April 19, 2024 /PRNewswire/
-- Atlantic Coast Recycling today announced the grand opening
of its recycling processing facility in Passaic, New Jersey. The year-long
redevelopment and construction of this industry-leading recycling
plant was enabled by a $47 million
capital commitment led by B. Riley Financial, Inc. (Nasdaq: RILY)
alongside other strategic investors.
With its state-of-the-art equipment and technology, the new
plant is one of the country's most advanced facilities for both
dual and single stream processing of residential and commercial
recyclables.
The 125,000 square foot plant has the capacity to process over
50 tons of residential and commercial recyclables per hour.
Its exceptional processing speed enables the production of
high-quality finished paper, plastic and metal for domestic and
international manufacturers and mills while streamlining the
recycling process to save municipalities valuable time and
resources. All recyclables are stored within the enclosed facility
for optimal environmental safety.
Atlantic Coast Recycling is a market leader in residential
recyclables processing across northern New Jersey and services commercial businesses
throughout the Tri-State metro region. It proudly serves over 60
municipalities within New Jersey's
Bergen, Essex, Hudson
and Passaic counties – a
population of approximately one million people.
The recycling processing plant was unveiled during a
ribbon-cutting ceremony in Passaic
on April 19, 2024. Representatives
from the New Jersey Department of Environmental Protection (NJDEP),
NJ Senate, and the City of Passaic
were in attendance.
About Atlantic Coast Recycling
Atlantic Coast
Recycling (formerly Atlantic Coast Fibers) is one of the largest
private processors in the New York
tri-state metropolitan area with a proud history in recycling that
began over 80 years ago.
Contact: John
Stanton
John.Stanton@AtlanticCoastRecycling.com
908-510-6257
(Cell)
732-475-0100 (Office)
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SOURCE Atlantic Coast Recycling; B. Riley Financial
