Freepoint Eco-Systems has secured a groundbreaking $50 million non-recourse project finance facility from ING Capital for its plastic waste upcycling facility in Hebron, Ohio. The facility, with a capacity to process 180 million pounds of plastic waste annually, represents one of the world's largest commercial-scale operations for converting hard-to-recycle plastic into hydrocarbon-rich liquid for new products. This landmark financing deal marks the first of its kind in the developing plastic reclamation space, demonstrating that innovative plastic upcycling facilities can access project finance loan markets. The facility aims to reclaim waste plastic otherwise destined for landfills or incineration, supporting Freepoint's strategy to establish multiple waste plastics upcycling facilities globally.

First-Ever $50M Project Finance Deal Powers Massive Plastic Recycling Breakthrough

Freepoint Eco-Systems secured a $50 million non-recourse project finance facility from ING Capital for its plastic waste upcycling facility in Hebron, Ohio. This facility, with a capacity to process 180 million pounds of plastic waste annually, is one of the world's largest commercial-scale operations for converting hard-to-recycle plastic into hydrocarbon-rich liquid for new products. The deal marks the first of its kind in the developing plastic reclamation space, highlighting Freepoint's strategy to establish multiple waste plastics upcycling facilities globally.