SOURCE: Lakeshore Recycling Systems

Lakeshore Recycling Systems

SOURCE: Closed Loop Fund

Closed Loop Fund

March 15, 2016 09:00 ET

Lakeshore Recycling Systems, Closed Loop Fund to Hold Ribbon Cutting & Tour of New $8.5M Machinex ® Single-Stream Recycling System at LRS' Heartland Recycling Facility: 6201 W. Canal Bank Road, Forest View, 11 a.m. to 2 p.m., Wednesday, March 16

CHICAGO, IL--(Marketwired - March 15, 2016) -

WHO:

Lakeshore Recycling Systems CEO: Alan T. Handley

Closed Loop Fund Managing Director: Rob Kaplan

PepsiCo Senior Director of Sustainability: Tim Carey

Coca-Cola's Niles Production Plant Manager: Eris Crosswhite

City of Chicago: Department of Sustainability

WHAT:

Lakeshore Recycling Systems, together with the Closed Loop Fund, will hold a ribbon cutting, tour, and officially hit the start button on a new brand new 40,000 square-foot Machinex® single-stream recycling system that harvests over 110,000 tons of high-grade residential and commercial single-stream recyclables, and sorts, separates and allocates over 20 tons of waste per hour.

The installation and ongoing operation of the new system will result in more than 100 well-paying jobs in Cook County, and reinforces LRS' commitment to diverting more waste from landfills than any other waste and recycling services provider in the region.

WHERE:

LRS' Heartland Material Recovery Facility 6201 W. Canal Bank Road

(located just off I-55 at the Harlem Ave. exit in Forest View.)

WHEN:

11 a.m. to 2 p.m., Wednesday, March 16, 2016.

Remarks and ribbon cutting at 11:30 a.m.

WHY:

LRS continues to increase Chicago's waste diversion rates dramatically by investing in new types of technologies. By completing the addition of the single-stream line, LRS not only looks to increase the output of recyclables, which reduces the amount of waste sent to landfills, the company anticipates a ripple effect of increased recycling capacity for local recycling outlets in Chicago which translates to more job growth.

Quotables:

"Our investment in the new Machinex single-stream system marks a watershed moment in our history, and another example of our steadfast commitment to accelerating the reuse and recycling of waste in the Chicagoland market," said LRS Chief Executive Officer Alan T. Handley. "We are proud to join forces in this endeavor with the Closed Loop Fund, and look forward to welcoming local dignitaries to our Heartland facility to celebrate this true milestone in the Chicago recycling movement."

"Closed Loop Fund is proud to partner with Lakeshore Recycling Systems to significantly expand recycling capacity in Chicagoland, create local jobs, and improve resiliency for taxpayers. Lakeshore is a best-in-class leader in the recycling industry that is building a replicable model demonstrating that recycling makes environmental and financial sense for cities across the country," says Rob Kaplan, Managing Director of the Closed Loop Fund.

About Closed Loop Fund

Founded in 2014, Closed Loop Fund is a social impact investment fund that provides cities access to the capital required to build comprehensive recycling programs. Closed Loop Fund aims to invest $100M by 2020, with the goal to create economic value for cities by increasing recycling rates in communities across America. Closed Loop Fund brings together the world's largest consumer product, retail and financial companies committed to finding a national solution to divert waste from landfills into the recycling system for use in the nation's manufacturing supply chain. CLF members include 3M, Coca-Cola, Colgate Palmolive, Dr. Pepper Snapple Group, Goldman Sachs, the Johnson & Johnson family of consumer companies, Keurig Green Mountain, PepsiCo, Proctor & Gamble, Unilever, Walmart and the Walmart Foundation. For more information visit www.closedloopfund.com.

About Lakeshore Recycling Systems

Serving Chicagoland for over 17 years and headquartered in Morton Grove, Illinois, Lakeshore Recycling Systems (LRS) is Chicagoland's leading recycling and waste diversion services provider. LRS specializes in recycling and waste diversion programs, affordable roll-off container services and comprehensive waste removal to businesses and residential homeowners. LRS operates six Material Recovery Facilities (MRFs), a fleet of fuel-efficient natural gas-powered trucks, and is run by over 540 committed full-time employees. LRS is a recipient of Chicago Public Schools' coveted Best Partnership Award, a recipient of the National Association of Environmental Professionals 2016 Environmental Excellence in Best Available Technology award, and is ranked #31 on Waste360's 2015 Top 100 waste and recycling companies in North America. At over 2 million tons-per-year, no other independent company in Illinois collects, diverts and recycles as much as LRS. LRS owns no landfills and is committed to raising awareness and fostering discussion on the importance of recycling to fuel a more circular economy and a business model rooted in sustainability. To learn more, visit www.LRSrecycles.com

Contact Information

  • Media contacts:
    Jim Engineer
    e-Rainmaker PR for Lakeshore Recycling Systems
    Mobile: 630.728.1387
    Email contact


    Bridget Croke
    Closed Loop Fund
    Email contact

    802.338.0368
    @loopfund