Leon Farahnik, founder, chairman and CEO of CarbonLite Holdings LLC, a Los Angeles-based recycler of polyethylene terephthalate (PET) bottles, says the company is eyeing a location near Allentown, Pennsylvania, for its third bottle-to-bottle PET recycling plant. This facility will enable the company to increase the number of postconsumer PET beverage bottles it recycles annually by 50 percent to more than 6 billion, CarbonLite says. The company currently has recycling plants in Riverside, California, and in Dallas.
Farahnik adds that the company is eyeing an existing building in the area and that the deal should be completed by late July. CarbonLite says it expects to invest $60 million in the plant, which it anticipates starting up in late 2019.