Reclaimed Resources Inc.. © 2009-2011
Reclaimed Resources in the News
►Waste-to-energy plant on target officials say
Bristol and Reclaimed Resources officials said plans remain on course for the company to build a waste-to-energy plant at the former Raytheon missile-systems facility on Vance Tank Road...
►Sullivan County gives thumbs-up to tax increment financing for ethanol plant
Tax increment financing (TIF) from Sullivan County is a go for an ethanol-from-trash plant under development at the old Raytheon plant in Bristol.
The Sullivan County Commission agreed Monday to grant up to five years of TIF for the Reclaimed Resources Inc. project...
►Bristol Businessman Begins Work on $157 Million Plant
Work has already begun to convert the old American Phoenix building on Vance Tank Road into a plant that will turn trash into ethanol, said Ted Cox, the Bristol, Va., businessman behind the $157 million project.
Though city and county government officials have yet to approve a proposed $4 million incentive package for the project, both have indicated support – and Cox said he has the 660,000-square-foot building under contract...
►Plant Would Use New Technology To Reclaim Waste
As many as 100 jobs and up to $200 million in investment might soon flow into Southwest Virginia or Northeast Tennessee for a facility that reclaims 92 percent of localities’ municipal waste.
The facility would generate ethanol fuel among a host of other products, said Ted Cox, a Bristol businessman who said he’s still negotiating with several localities to determine exactly where the plant could be built...
James Titmas, Chairman and CEO of Genesyst International, is another who said there’s money to be made from waste. His company is in the business of processing municipal waste to turn trash into ethanol instead of burying it in a landfill.
“The target is zero waste – you use 100 percent of all the waste that is generated in the community,” said Titmas. “If we make our fuels right in the community rather than buying oil from overseas, it just puts the community that much better off.”...