OPIC funds loan for Turkish aluminum recycling project
The Overseas Private Investment Corporation
(OPIC) is providing a $30 million loan for the construction of
an aluminum recycling plant in Turkey that will use environmentally-friendly
United States technology to deliver up to 60,000 tons of recycled
aluminum annually in liquid form, saving customers valuable processing
time and expense.
OPIC is providing the loan for construction and operation of
a 6,500 square meter aluminum recycling facility in Tekirdag,
outside of Istanbul. The plant will receive both used beverage
cans and clean industrial scrap for conversion into liquid aluminum,
which will be sold to primary and secondary manufacturers in
Turkey or on the local spot market. The plant, which will use
natural gas as fuel, became fully operational in November.
The United States sponsor of the project is Chinook Sciences
International, LLC, part of Chinook Sciences Group, a New Jersey-based
scientific research engineering company and a leader in gasification
The facility will employ state-of-the-art Rodecs® equipment,
which is able to gasify all organic material from scrap metal,
thereby transforming low quality contaminated metal scrap into
clean, high-value metal in an environmentally-friendly process.
The Rodecs gasifies, rather than burns, the materials so that
the scrap metal is cleaned with minimal yield loss.
In so doing, it is able to rid the aluminum of oil, paint, plastic,
polyethylene, paper and water. Since these waste materials are
evaporated, harmful emissions are eliminated from the process.
The Rodecs equipment can also process any kind of organic waste
and produce energy in the form of electricity or biofuel with
emission levels that are well within United States and European