Brightmark subsidiaries file for bankruptcy over Ashley chemical recycling plant – USA

Posted on March 19, 2025 by DrRossH in Plastic Recycling

Court documents show the debtors owe a three-digit million amount

Source: Brightmark subsidiaries file for bankruptcy over Ashley chemical recycling plant | Sustainable Plastics

The bankruptcy filing reveals the Ashley pyrolysis plant is only operating at 5% capacity and ‘does not generate sufficient revenue to fund the Debtors’ operations’, court documents read.

The so-called Circularity Centre requires approximately $3.5 million to $4 million per month to fund operations and improvements to reach nameplate capacity.

Brightmark started building the Ashley plastics-to-fuel plant in 2019. It planned to convert around 100,000 tons of plastic waste into over 18 million gallons a year of ultra-low sulphur diesel and naphtha blend stocks, and nearly 6 million gallons a year of wax. As of 2023, the plant had processed around 2,000 tons of plastic waste.

The woes of recycling of conventional plastic continue which makes landfill biodegradable plastic such as from biogone.com.au more and more important as that allows conventionak plastic to biodegrade away in modern landfills.