Posted 7/14/2010 04:37 pm
Updated 2 years ago
Advanced Environmental Recycling Technologies, Inc., a leading plastic recycler and manufacturer of green building products that is based in Springdale, announced Wednesday that it will expand its Watts, Okla. facility.
A 15 year, 3 percent interest loan for over $3 million will implement Phase 2 for its new recycling facility in Watts, Okla.
Phase 2 will double the output and install additional equipment at the facility.
The AERT Watts project was ranked the top stimulus business project for the ARRA State Energy Program for the state of Oklahoma.
Tim Morrison, AERT's president, stated, "The State of Oklahoma has been very supportive of the Watts plant, and we are excited that they have once again joined AERT in creating green jobs in Oklahoma," said AERT president Tim Morrison. "Phase 2 of Watts builds upon AERT technology, expanding our leadership position in recycled polyethylene materials and continuing our strategy of expanding our plastics recycling presence."