Date: February 11, 2011
Source: Coastal Recycling Services
A Jacksonville, FL-based company called Coastal Recycling Services said it has begun constructing a new state-of-the-art recycling facility for construction and demolition debris there in its hometown. The $11 million facility is designed to process 1,000 tons per day and is expected to be operational by July. $4 million is being financed through a Small Business Administration (SBA) loan. Among delays in obtaining financing and permitting was winning approval for a local requirement that any new recycling facility be able to recycle at least 60 percent of all product received and 80 percent of everything within 30 months of operations.
Coastal Recycling Services to Open New 1,000 Ton Per Day Recycling Center for Construction & Demolition Materials in Jacksonville
Twenty to 25 new jobs will be created in North Jacksonville when Coastal Recycling Services opens their new Construction and Demolition (C&D) Materials Recovery Facility (MRF) in July. Company officials say they expect to add more jobs as the volume of waste brought to the facility increases.
Jacksonville, Florida, February 11, 2011 - After three years of permitting and financing, construction began on a new Construction and Demolition recycling facility in Northeast Jacksonville today. The total cost of the project will top $11 million; $4 million comes from an SBA Loan.
"We have confirmed with the SBA that this is one of the largest SBA 504 Loans ever approved in the Southeast in the history of the program," says Kristen Tackett of Florida First Capital Finance Corporation in Jacksonville. "We are extremely excited and honored to be able to provide financing that will allow for a major business expansion and job creation right here in the city of Jacksonville."
Financing was not the only delay in starting the project. Coastal was required to obtain state and local permits to build and operate the new facility. Jacksonville's "Certificate of Public Convenience and Necessity" (CON) requires all recycling facilities to recycle a minimum of 60 percent of product brought into the facility once operational, and a minimum of 80 percent of product within 30 months of opening.
"The costs associated with recycling at this level are significant", says Charlie Latham, co-managing partner of Coastal Recycling. "We are spending substantially more money on specialized recycling equipment because of the city's aggressive recycling rate requirements. Of course, we support the city's recycling goals and look forward to contributing to the state's new recycling goal of 75% by 2020," says Latham.
Coastal partnered with Hancock Bank to finance the MRF. "Hancock Bank is honored to partner with Coastal Recycling on their project that will help safeguard the resources that make Jacksonville a special place to live, work, and raise families," said Jim Mitchell, Hancock Bank's Jacksonville area commercial market president.
The facility will include a solar power system capable of providing approximately 10 percent of the recycling equipment's power needs. "Infinity Design Builders, Inc., is proud to be a member of Coastal Recycling Service's team. We're very excited about this project because it contributes to the goals of sustainability in Jacksonville and the state of Florida," says Michael Bruce, CEO of Infinity Design Builders, the designer and builder of the facility. "We expect the facility to be completed in July," he added.
"Coastal made a conscious decision not to provide hauling services," says Bob Malouin, co-managing partner of Coastal Recycling, "There are plenty of first-rate haulers in town; our intent is to work with them to bring in, process and recover as much waste as possible. Our goal is to provide complete customer satisfaction to all haulers in the area, and to provide LEED level support for green-building and LEED projects," he says.
Once separated, recycled product is prepared and shipped to processing facilities and end-users throughout the Southeast United States. "We are still seeking relationships with end users in our market, and will continue to do so as we prepare to open our facility," says Latham.
Coastal Recycling Services is keeping track of the facility's progress and opening date online. Updates are available at www.coastalrecycles.com or www.jaxrecycles.com. Updates are also available on www.twitter.com/coastalrecycles.
About Coastal Recycling Services:
Coastal Recycling Services is a privately owned Florida company, headquartered in Jacksonville. The five owners have over 100 years of combined experience in the solid waste and recycling industry. Coastal Recycling Services is a member of the U.S. Green Building Council and will provide material recovery support and documentation in support of LEED projects. Coastal Recycling has a LEED Accredited Professional on staff.