Big-name investors announce $3M loan to support new recycling mega-facility

The investment in the Texas-sized facility is part of the American Beverage Association's 'Every Bottle Back' initiative.

Two big-name investors will help finance San Antonio’s newest Texas-sized recycling facility, which entered a 15-year municipal recycling contract with the City of San Antonio on Thursday, according to a press release.will invest a $3 million loan toward Balcones Recycling’s new San Antonio-based “materials recovery facility,” which sorts and removes recyclables from waste.

The loan will go toward the installation of new equipment to “improve the processing and recycling of materials,” and “add recycling capacity at the facility,” the ABA stated in its press release. The new 200,000-square-foot facility broke ground in May 2023 and opened earlier this summer.

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