SHERMAN - Renew Blue, a company that recycles nonhazardous medical waste plastics, will begin operations in the former Sherman Manufacturing facility at 1815 S. Sam Rayburn Fwy. in February 2015.
The medical waste recycler will create more than 100 jobs and provide new disposal options for hospitals and clinics in Dallas-Fort Worth.
The company recycles a polypropylene plastic cloth commonly called "blue wrap" into plastic pellets.
Renew Blue also will recycle other non-contaminated polypropylene plastics, which along with the blue wrap, can be turned into thousands of everyday products, said Brian Hays president of Renew Blue.
The company initially will employ 100 and plans to grow, Hays said.
Hays expects to begin hiring route drivers, line workers, machine operators, sales, administrative and maintenance positions in mid January 2015.
The company expects to eliminate about 10 million pounds from North Texas landfills per year. Renew Blue initially will serve the area from the Oklahoma line south to DeSoto, west to Irving and east to Rockwall.
The Sherman Economic Development Corp. Board of Directors and Renew Blue have reached an Economic Development Performance Agreement, which includes a $400,000 incentive grant to be paid in three installments.
Incentives will be dispersed based on company performance criteria outlined in the agreement to help offset investments of $150,000 in building renovation and $1 million in manufacturing equipment.