MAY 2012

AFBG negotiates to recycle salvaged boats

American Fiber Green Products, Inc. said that negotiations have advanced on a joint venture operation with Florida partners to facilitate the recycling of salvage boats from Florida rivers and tributaries, as well as the Gulf of Mexico.

Ken McCleave, chairman of American Fiber Green Products, Inc. board of directors, noted that in excess of 100 acres of land have been identified in West Central Florida to accommodate a fiberglass boat recycling operation. The property’s owner has agreed to make the property available in conjunction with a third entity equipped with barges and other equipment required to raise the Coast Guard estimated 9,000 boats that lie in the shallow waters of the Gulf of Mexico. Florida, like many other states, struggles with the number of boats left abandoned both in the waterways and on land.

It is anticipated that a boat recycling depot can be operating in the next 90 to 120 days. States have funds earmarked specifically for abandoned boat programs.