Poly-Pacific negotiates for full control of Kingston landfill site
Burnaby, B.C.-based plastic blast media (PBM) and plastic lumber company Poly-Pacific International Inc. is one ste...
Burnaby, B.C.-based plastic blast media (PBM) and plastic lumber company Poly-Pacific International Inc. is one step closer to gaining 100 per cent control of a landfill site in Kingston, Ont. The company recently announced that it had successfully negotiated with Poly-Ran Reclamation Inc. to acquire its 30 per cent interest in the McAdoo Lane Landfill Site.
Poly-Pacific has signed a letter of intent with Poly-Ran, and the deal is still subject to regulatory approval.
Operated as a licensed landfill from 1970 to 1987, the McAdoo Lane Landfill Site is estimated to have an overall volume of one million cubic metres, with an estimated 180,000 tons (360 million pounds) of industrial waste nylon.
“This is a significant step in acquiring 100 per cent beneficial control of the McAdoo Lane Landfill Site for Poly-Pacific,” said company president Randy Hayward. “Management is pleased to be able to provide this added value to its shareholders. The company is expecting receipt of the final access approval from the City of Kingston imminently.”
The city approved an agreement in February that allowed Poly-Pacific to gain access for the assessment of fibre resource in order to investigate the potential for the removal and recycling of polymer fibres.
Poly-Pacific uses scrap plastic to create PBM for a range of applications such as paint stripping and surface preparation. The company also recycles plastic containers into lumber for the agricultural industry through its wholly owned subsidiary, Everwood Agricultural Products International Inc.