Abundia Global Impact Group Acquires Strategic Recycling Site

Abundia Global Impact Group Announces Key Acquisition

CHARLOTTE, NC -- Abundia Global Impact Group (Abundia), an innovative technology company specializing in sustainable circular solutions, has recently unveiled a significant milestone. The company has entered into definitive agreements to purchase a prime 25-acre site from TGS Cedar Port Partners. This property, which lies within Cedar Port Industrial Park in proximity to Houston, is poised to become the cornerstone of Abundia's inaugural plastics recycling facility.

Recycling Innovation and Future Plans

The new facility will employ Alterra's state-of-the-art Recycling Technology, with which Abundia has secured a licensing agreement for operation. This advanced technology will enable the transformation of plastic waste into pyrolysis oil, a crucial feedstock that serves as a sustainable alternative to fossil fuels for producing circular polymers and chemicals. This initiative underscores Abundia's commitment to sustainable practices and aligns with broader efforts to enhance the circular economy.

Establishment of a U.S. Recycling Hub

Abundia envisions the Cedar Port site as its primary hub for recycling and renewable technologies in the United States. The site will facilitate collaborations with complementary technology developments, therefore enhancing the overall sustainability landscape. By focusing resources on this strategic location, Abundia aims to bolster its contributions toward a more environmentally friendly future while aiding the energy transition within the renewable and petrochemical sectors.

Strategic Location and Accessibility

Ed Gillespie, Chief Executive Officer of Abundia Global Impact Group, expressed enthusiasm about the acquisition, emphasizing the logistical advantages of Cedar Port Industrial Park. "Our goal has always been to identify optimal locations for our innovative solutions, and Cedar Port stands out as an exemplary site. With established rail, shipping, and road networks, this industrial park provides unmatched accessibility for our operations," he stated. The company plans to initiate development in the coming year, with a vision to expand rapidly alongside Alterra, reaching additional sites across the United States and Europe.

About Abundia Global Impact Group

Abundia is committed to spearheading the transition towards a decarbonized future. Leveraging a comprehensive suite of technologies, the company converts plastic and certified biomass waste into high-quality renewable fuels, energy, and chemical products. By delivering sustainable solutions that cater to the escalating demand for eco-friendly alternatives, Abundia is playing a pivotal role in maintaining a sustainable ecosystem while addressing global market needs.

Understanding Cedar Port Industrial Park

TGS Cedar Port Industrial Park holds the title of being the largest master-planned industrial park in the United States that offers rail and barge services. Situated in Chambers County, it provides exceptional access to distribution, manufacturing, and terminal operations. The sprawling industrial park covers roughly 15,000 acres and includes critical infrastructure for heavy utilities and commercial transportation. The facility is designed to deliver greenfield sites with fully entitled utilities and infrastructure in place.

Investment and Development Opportunities

Cedar Port currently boasts more than 25 million square feet of industrial and manufacturing space. TGS Cedar Port Partners, L.P. holds ownership of 3.8 million square feet of these warehouses, adhering to a long-term investment strategy. This robust setup paves the way for Abundia and other businesses within the park to collaborate and innovate towards mutual sustainability goals.

Contact Information

For further inquiries, please contact Sophie McComb at smccomb@abundiaglobalimpactgroup.com, representing Abundia Global Impact Group.

Frequently Asked Questions

What is Abundia Global Impact Group focused on?

Abundia specializes in technology solutions that promote circular economies and sustainability by recycling waste into valuable products.

What technology will Abundia use at the new facility?

The facility will utilize Alterra's innovative Recycling Technology to convert plastic waste into pyrolysis oil.

Where is the new recycling facility located?

The facility will be developed at Cedar Port Industrial Park, near Houston, Texas.

When does Abundia plan to begin development?

Abundia is set to commence development in the upcoming year, aiming for rapid expansion thereafter.

What is the mission of Abundia Global Impact Group?

Abundia’s mission is to facilitate the transition to a decarbonized future through innovative technology that provides sustainable waste management solutions.

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