Quebec’s biggest post-consumer plastics recycler has ceased operations and asked for bankruptcy protection due to the virtual money pit formed by contaminated waste streams, the company says.
Beauceville, Que.-based Recyc RPM Inc. has laid off all 90 of its employees as the result of the huge monthly costs of sending materials from its recycling plants in Beauceville and St. Damien, Quebec, to landfill. The company is lobbying for the provincial government to raise its contributions to recyclers.
The company, which claims it’s undergoing restructuring, also blames the high recurring costs of washing feedstock to ensure a clean plastics stream.
Recyc RPM Inc. specializes in the transformation of polymers by using grinding, washing, pelletizing, compounding and specialized blending processes.
According to a news report by Quebec’s La Presse news agency, Recyc is in the process of submitting a proposal to its creditors. The company owes nearly $20 million, La Presse said.
The annual production capacity of the two plants is more than 50 million pounds of recycled plastic.
Recyc was founded in 1989 by brothers Louis and Luc Métivier.