With financial and regulatory pressure mounting, Closed Loop Refining and Recovery is on the brink of closing and leaving more than 90 million pounds of stockpiled CRT material in its wake.
Closed Loop, which has for several years pledged to build a furnace to process the immense backlog of CRT glass, is currently months behind on rent for sites in Ohio and Arizona. The company also received a notice of violation this week from the Ohio Environmental Protection Agency that could trigger further enforcement action, including forced closure.
Landlords seek rent, Ohio EPA seeks material movement
A lawsuit filed by property management company Garrison Southfield Park on March 4 alleges Closed Loop hasn't paid rent at its 1675 Watkins Road site in Columbus, Ohio since June 2014. State records show that nearly 23 million pounds of unprocessed CRTs and about 10.5 million pounds of processed CRT glass were stored at that site as of Jan. 1, 2015.