Brightmark Energy Funds Indiana Plastics-to-Fuel Plan

The financing for Brightmark Energy Ashley Indiana includes $185 million in Indiana green bonds, which were underwritten by Goldman Sachs & Co. As part of the financing closure, Brightmark has become the controlling owner of RES Polyflow, the Ohio-based energy technology company that innovated the process for converting plastics directly into transportation fuel and other products.

The Ashley facility will be the first of its kind to take mixed-waste, single-use plastics and convert them into usable products at commercial scale. The facility will initially convert approximately 100,000 tons of plastics into more than 18 million gallons a year of ultra-low sulfur diesel and naphtha blend stocks and nearly 6 million gallons a year of commercial-grade wax in a process that is expected to be 93 percent efficient.\

By Construction Equipment Guide

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