[greenyes] Recycling Market Development

["Dan De Grassi" <dpw180@no.address>]

		Goal 2, Objective 2, Strategy B: Process low interest loans for companies that either convert non-hazardous solid waste into a recycled raw material or use a recycled raw material to ultimately produce a recycled-content product.

		Staff recommends that the Board approve Option No. 1 and adopt Resolution Number 2003-293 to approve a RMDZ Loan to Plastic Energy - Hanford, LLC in the amount of $2,000,000.

Plastic Energy - Hanford, LLC is a single purpose limited liability company formed specifically to develop the plastic recycling project in Hanford, California.  The project will take post-consumer plastics (primarily types 3 thru 7) and catalytically convert them into gasoline and low-sulfur diesel fuel.