The staff of GreenChip’s Brooklyn, N.Y. operation, with Managing Partner Bill Monteleone on the far right. | Courtesy of GreenChip
Responding to client needs as well as market shifts around plastics and other materials, e-scrap and ITAD company GreenChip has plans to significantly expand in Virginia.
GreenChip has operated out of a 35,000-square-foot facility in Brooklyn, N.Y. for a decade, and in 2020, the company opened a 65,000-square-foot site with shredding capabilities in Fredericksburg, Va.
Last month, the company finalized the purchase of roughly 20 acres of property at the King George Industrial Park – located just outside of Fredericksburg, which is around 50 miles from Washington, D.C. – where it plans to develop an “eco-campus” for a deeper sort of commodities recovered from electronics.
“A large part of the future of the industry is employing the latest technologies as far as metals and plastics go to give us that clean output of material,” Bill Monteleone, GreenChip’s managing partner, said in an interview.
He added that over the last five years, the company has seen significant alterations in the global flow of scrap commodities, with logistics issues making it harder to send materials overseas and corporate entities in North America increasing their desire for circular supply chains.
“We think we can help customers meet their goals and be a part of the future of creating feedstock and commodity streams domestically,” Monteleone noted.
Trend toward more domestic processing
The company’s eco-campus vision involves building out space in the coming years to add additional layers of sortation, with the goal of creating homogenous loads of commodities ready for remanufacturing.
A press release from the King George Economic Development Authority, which runs the industrial park, notes GreenChip purchased lots 7, 8 and 10 in the park. Additional materials from the authority indicate those three lots total 20.8 acres and were listed at a total price of just over $716,000.
GreenChip is now in the design-and-plan phase for building out the property, which includes a rail spur. Monteleone said it’s too early to determine an overall investment figure for the project.
The eco-campus initiative follows moves from other industry stakeholders to engage in more extensive processing of e-scrap materials within North America.
