Canada Fibers Creates Solid Waste Recycling Initiatives
Canada Fibers has created an affiliate named Urban Resource Group that will focus on production of high-quality sustainable products from solid waste.
Canada Fibers’ solid waste recovery operations include four municipal recovery facilities in the province of Ontario, as well as two large-scale commercial recovery facilities.
During its first phase, Urban Polymers will focus on the creation of pure Polyethylene Terephthalate (PET) flake from post-consumer beverage bottles, as well as highly formulated polyethylene and polypropylene compounds in pellet form from both post-consumer and post-industrial waste.
Urban Resource Group has entered into agreements to acquire three companies, which will expand the portfolio of products and services available to Canada Fibers’ growing customer base. Urban Resource Group recently entered into agreements to purchase the shares of Ecowood and the shares of All Waste Removal. Both of these acquisitions are expected to close this month. The third acquisition involves the assets of a manufacturer of wooden fuel pellets, which was completed earlier this year.
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