#United States #Hebron #Freepoint Eco-Systems #ING #plastic upcycling

Freepoint Eco-Systems Closes $50 Million Finance Facility

On March 17, 2025, Freepoint Eco-Systems LLC announced a milestone achievement with the successful closing of a $50 million non-recourse project finance facility. This funding, provided by ING Capital LLC, is designated for the company's innovative plastic upcycling facility located in Hebron, Ohio. This facility is notably significant in the field of plastic waste management, being the first of its kind focused on hard-to-recycle plastics.

Jeff McMahon, Managing Director at Freepoint Eco-Systems, expressed enthusiasm about the partnership with ING emanating from the growing accessibility to project finance loan markets geared towards new technological advances in plastic upcycling. He proudly mentioned that the new Hebron facility boasts a substantial processing capacity of 180 million pounds of plastic waste per year, positioning it among the largest commercial-scale plants globally. This facility specializes in reclaiming waste plastics that would otherwise be discarded in landfills or incinerated. It converts this waste into a hydrocarbon-rich liquid, serving as a valuable resource from which new products can be manufactured.

In his statements, McMahon underscored the significance of this finance transaction as a foundational step towards Freepoint's long-term strategy of developing numerous upcycling facilities worldwide. By reducing reliance on conventional waste disposal methods, Freepoint aims to bolster sustainability and promote circular economies.

Supporting this vision, Subha Pasumarti, Managing Director at ING Capital, remarked on the groundbreaking nature of the loan facility for Freepoint. He commented on ING's ongoing commitment to championing projects within the circular economy and sustainability sectors, underlining that as the demand for debt capital in the plastic recycling market grows, so too will the opportunities for financing innovative solutions to tackle global plastic waste challenges.

About Freepoint Eco-Systems

Freepoint Eco-Systems and its affiliate companies are part of Freepoint Commodities LLC, a global commodities merchant offering supply chain management and eco-friendly solutions to a diverse clientele. One of the key missions of Freepoint Eco-Systems is enhancing the processes of plastic waste collection and disposal through innovative upcycling techniques, transforming problematic waste into high-value commodities.

Operating across the U.S., Europe, and Asia, Freepoint Eco-Systems actively engages in initiatives aimed at minimizing plastic pollution and encouraging responsible waste management practices. Their innovation in waste management aligns with the global need for comprehensive environmental strategies and sustainable practices.

About ING

ING Capital LLC serves as a prominent financial services provider, offering a full spectrum of wholesale lending products and advisory services tailored to corporate and institutional clients. Being an indirect subsidiary of ING Bank NV, part of the renowned ING Groep NV, ING Capital focuses on empowering clients through robust banking solutions. With a commitment to propelling stakeholders towards sustainable business practices, ING maintains a global presence with over 60,000 employees, delivering financial services across more than 100 countries.

As companies and individuals worldwide strive for sustainability, partnerships like the one between Freepoint Eco-Systems and ING are vital in fostering innovation and investment in eco-friendly technologies. This $50 million financing underpins the growing recognition of the urgent need for effective waste management solutions, enabling advancements in recycling technology and contributing positively to the planet's health.