Dive Brief:
- John D. Correnti, a veteran figure of the steel industry, is planning to build an e-waste facility in Osceola, Arkansas.
- BlueOak Resources Inc. will begin preliminary organizational work within the next two to three months on the electronics waste recycling plant. The estimated construction costs are around $33 million.
- The facility will be designed to reclaim five types of metals from circuit boards.
Dive Insight:
Only six facilities of this kind exist worldwide, none of which are located within the United States. The plant will be built on 30 acres and located near another site owned by Correnti -- his $1.1 billion Big River Steel project still in the works.