Insight - Recyclers lining up for municipal market cash

The Washington Economic Development Finance Authority sold US$50.8mil (RM213.87mil) in environmental facilities revenue bonds for the Mura Cascade ELP LLC project in late November. The project aims to convert 130,000 tonnes of plastic waste into about 100,000 tonnes of petrochemical ingredients.(File pic shows plati wastes.)Plastic wastes

IN Washington state, municipal bonds are financing a project to convert plastic waste into petrochemical ingredients. In Louisiana, municipal debt is paying for a bio-refinery to turn sugarcane waste into fuel pellets and soil additives.

These are only two of what promises to be another robust calendar of borrowers in the recycling field in 2022, assuming this next stage of the pandemic doesn’t completely quash investors’ risk appetite.