Freepoint Eco-Systems Secures $50 Mln For Plastic Upcycling Facility

▤ Summary

Freepoint Eco-Systems LLC has closed a $50 million non-recourse project finance facility for its plastic waste upcycling plant in Hebron, Ohio.Underwritten by ING Capital LLC, this marks a first-of-its-kind financing in the hard-to-recycle plastic sector.With a capacity to process 180 million pounds of plastic waste annually, the Hebron facility converts landfill-bound plastics into hydrocarbon-rich liquid for new product manufacturing.Freepoint views this financing as a key step in expanding its global upcycling operations. ING Capital emphasized its commitment to sustainability, anticipating continued growth in plastic recycling investments.

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