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Maine Closing  Form

Maine Closing Form

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Instructions and help about Maine Closing

foreign facility in Hampden is once again close to finding new ownership after shutting its doors more than two years ago the plant is designed to collect and sort trash and recycling from 115 Main communities centered around Bangor the municipal Review Committee oversees the waste disposal for these towns and cities the group then bought the plant last year as it continued its search for a new owner now the MRC is closing in on a deal with a hedge fund that will own the majority of the facility and get it back online both sides are hoping to finalize the plan by the end of the month on November 30th when we do have the clothes and they purchase the facility they would be obtaining 95 ownership of the facility with MRC retaining five percent of the ownership so we're still looking at a facility restart in 2023. in the meantime some of that waste has gone to the Penobscot energy recovery company in Orrington the rest has gone to a landfill

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