Freepoint Eco-Systems Announces Project Finance Facility with ING

Company Overview - Freepoint Eco-Systems LLC has closed a $50 million non-recourse project finance facility for its plastic waste upcycling facility in Hebron, Ohio, marking a significant development in the plastic reclamation sector for hard-to-recycle plastics [1][2] - The Hebron facility has a processing capacity of 180 million pounds per year, making it one of the largest commercial-scale facilities globally for reclaiming waste plastic [2] Industry Insights - The financing transaction is seen as a pivotal step in demonstrating that plastic upcycling facilities utilizing new technology can access project finance loan markets, indicating a growing trend in the circular economy and sustainability sectors [2] - ING Capital's involvement highlights the anticipated increase in demand for debt capital in the plastics recycling market as more waste plastic is recovered and recycled worldwide [2]