SEATTLE (Recycling Monster): The City of Greeley is reportedly in talks with a company towards setting up of an advanced plastic recycling plant, alongside a municipal waste sorting and transfer facility on the eastern side. The project is likely to be built at an investment of around $100 million and is projected to generate at least 80 well-paid jobs in the region, if implemented.

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The memo Benjamin Snow, Greeley’s director of Economic Health and Housing, and J.R. Salas, manager of Greeley’s Urban Renewal Authority (GURA) to GURA’s board of commissioners noted that the staff has been in constant touch with the company over the past eighteen months on the proposed plastic recycling plant project.

As per memo, the project will require to purchase nearly 12-acres of the undeveloped portion of the Ironwood Business Park, 1612 1st Ave. in Greeley. It will develop a 20,000-square-foot municipal waste sorting and transfer station at a cost of nearly $12 million. An additional 50,000 square feet of speculative industrial space will also be developed at the same location at a cost of about $7.5 million. In addition, it involves construction of 40,000-square-foot pyrolysis plant at a cost of about $85 million.

As per agreement, GURA will spend up to $1.3 million towards construction of road and utilities.