Companies plan to invest $300M in domestic paper recycling
KDC and Celadon noted that in North America e-commerce trends are driving higher OCC generation in the residential recycling stream. A technology company and investment firm say they will develop two North American facilities processing more than 800,000 tons per year of mixed paper and OCC into recycled pulp and paper. The project, led by investment firm Kamine Development Corporation Sustainable Infrastructure (KDC) in partnership with technology company Celadon, will kick off next year and will involve a total investment of $300 million.