The Rhode Island Industrial Facilities Corp. (RIIFC) gave approval to the company's Revenue Bond Financing Application for up to $15 million for the construction of the new Converted Organics facility in Johnston.
The Rhode Island Resource Recovery Corp. (RIRRC) gave final approval to Converted Organics to lease nine acres of land in the newly created Lakeside Commerce Industrial Park in Johnston.
Converted Organics previously filed an application with the Rhode Island Department of Environmental Management for the operation of a Putrescible Waste Recycling Center at the site.
“We are extremely pleased to have begun the process that we believe will enable Converted Organics to develop our third state-of-the-art manufacturing facility in two years,” said Edward J. Gildea, president of the Boston-based company. “The Johnston plant will play an integral role in helping us meet demand from our agribusiness, municipal, retail and turf management customers for our all-natural organic fertilizers. We look forward to continued progress on the development of this site.”
Upon completion of this plant, Converted Organics’ three plants will be permitted to process up to 850 tons of food waste per day.
Converted Organics began operations at the company’s new flagship organic soil amendment and fertilizer processing facility in Woodbridge, N.J., in June. Converted Organics is also currently expanding capacity at the company’s West Coast manufacturing plant in Gonzales, Calif., which was acquired in January 2008.
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