DAK, Shaw Form PET Recycling JV
Clear Path Recycling plans to build a facility at DAK's Cedar Creek PET resin manufacturing site in Fayetteville, N.C., and annually will recycle more than 280 million pounds of PET - equal to around 5 billion bottles. The operation will reduce energy use by some 2.5 trillion British thermal units compared to virgin polyester production.
DAK and Shaw will use the RPET material primarily in-house, with the balance to be sold through merchant sales. Operations are expected to begin by first-quarter 2010 and provide approximately 100 new jobs.