Thompson Thrift Development will start building the shell for a new multi-level Pryolex USA plant in Terre Haute in September, with an overall $25 million hard capital cost.
The project is the first new industrial development on Terre Haute’s north side in more than a decade, the Tribune-Star has reported.
The plant on Steelton Rd. in the Fort Harrison Business Park will occupy a 22,000 sq. ft. ground footprint, but the overall multi-level plant will contain about 60,000 sq. ft.
It will extract carbon black, oil and metal from shredded tires, producing raw materials for the plastics and rubber industries.
The company has purchased more than nine acres from Thompson Thrift, which will construct the plant’s shell. Construction is expected to take 18 months. German-based Zeppelin Systems will then install equipment to extract black carbon, said Tom Redd, chief executive officer of Pyrolyx USA.
“We are happy that this property went to a user that will provide jobs and be a good development,” the newspaper quoted Thompson Thrift Development president Paul Thrift as saying.
Pryolyx’s Redd said the company anticipates “being fully up and running in March 2019. We expect to start hiring staff in May 2018.”
Steve Witt, president of the Terre Haute Economic Development Corp., said as part of an incentive, funds from the Fort Harrison Business Park Tax Increment Finance district will be used to “make improvements to the rail that serves the property and rail spurs to company. We also plan to redo the rail crossing at Steelton” Ave., Witt said.
