From New Mexico Business Weekly, February 3, 2012
Reprinted with permission of the New Mexico Business Weekly, Copyright 2012
Growstone Ramps Up Glass Recycling
Growstone turns glass waste into plant growth medium for hydroponic and commercial uses
A homegrown company soon will operate 24/7 at Albuquerque’s Cerro Colorado Landfill to grind and bake scrap glass into an agricultural product. Growstone Inc. makes an environmentally friendly growing medium from glass that reportedly can aerate soil and improve production for hydroponic and commercial growers.
The company, which runs an 8,000-square-foot plant at the Westside landfill, just closed on a $3 million capital raise from private investors and the State Investment Council’s Co-Investment Fund to ramp up operations tenfold over the next six months, said Growstone CEO Mike Langone.
“We’ve increased our processing to about 30 tons per month now, but we plan to reach 300 tons per month, or about 3,600 tons annually, by June,” Langone said. “We’re getting out of startup mode and into full production.”
Jill Holbert, acting director of Albuquerque’s Solid Waste Management Department, said it’s a win-win project for the city and the company. Growstone pays $20 per ton for the glass it receives from the city, which collects about 3,000 tons of scrap glass annually. “There are limited opportunities to recycle glass in New Mexico, because the nearest recycling operation is in Colorado,” Holbert said. “This is a local recycler, so it eliminates shipping and other costs, and we get $20 for every ton.” Holbert said scrap glass is difficult to recycle because there are few commercial end-products. “Some municipalities grind it up for use in road base or in street medians, but there are limited opportunities,” she said. “If [Growstone] can compensate us and create a viable market for the glass, that’s very positive.”
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