Groundbreaking held in New Madrid for new facility focused on cleaning up environment
NEW MADRID, Mo. (KFVS) - A new facility focused on cleaning up the environment is coming to New Madrid.
On Friday morning during a groundbreaking ceremony, New Madrid City Administrator Richard McGill took the time to thank those involved in bringing Circular SynTech to the area.
“We work hard with building relationships, with our community and business leaders,” he said. “Working to fulfill the needs of the citizens in this town.”
According to Circular SynTech, it’s making an initial investment of more than $90 million and will create more than 40 jobs with plans to expand.
The 230-acre campus will be built on land off of Highway 61.
Company CEO Dan Dockter said it’s the only facility capable of converting waste products to renewable energy in recycling.
“This is it, this is the first, the premier one, in the world,” he said.
According to company leaders, they chose the site in New Madrid due to its central location on the Mississippi River and rail access on a contiguous property. The site is also served by Union Pacific Railroad.
Dockter said he’s happy to be building it in New Madrid.
“New Madrid is a fantastic location,” he said. “It is on the Mississippi River, midway on the Mississippi River. That gives us access to so much feedstock and offtake supply. It’s got a rail terminal. We are working with Union Pacific railroad to expand. And it also has this amazing workforce. So, we want to take advantage of all three of these and that’s why we are in New Madrid.”
Citizens like Steven Medlin are excited about the new facility. He said it brings positive attention to the area, as well as creating new opportunities for residents and local business owners.
“It’s going to be continual construction jobs,” he said. “For that plant to continue to grow, but also, production jobs after that.”
City Administrator Richard McGill called it a major success, not just for New Madrid, but for the state as well.
“We never envisioned attracting something so innovative, so game changing, and so perfect for today’s economic world,” he said.
The facility is expected to start operations later this year.
CST executives say they are already planning future expansions.
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