On his trade mission to Asia, Governor Snyder praised a business partnership between a Japanese company and the Michigan Molecular Institute (MMI).
The partnership between Japan's ECO Research Institute (ERI) and MMI is expected to bring around 30 new jobs to Midland.
Snyder made his comments at the Japan Midwest U.S. Annual Conference today praising the partnership "as an example of the economic and technological benefits that Michigan and Japan stand to gain through greater cooperation."
The two companies will form a new company called ECO Bio Plastics Midland Inc. The new company will produce bio-plastic pellets made of compound mixes of plastics and micron-sized dry powder made from shredded paper.
These pellets will be used as packaging materials, food service products, heat insulation applications, and toys.
The Midland Daily News quoted James Plonka, president and CEO of Michigan Molecular Institute:
Plonka noted EBP has chosen a site for the new Midland facility, with the expectation to break ground before November and to begin production next summer.
“Midland is a good location for the demonstration facility for a couple reasons,” Plonka said. “First, because of the paper shredding services provided by the Arnold Center, Midland, is an excellent source of paper feedstock. And secondly, some of the most innovative plastics research in the world occurs in Midland. It’s a natural fit.
The plan calls for the initial paper-plastic composite production facility to produce 10 million pounds per year, with the ability to grow to 100 million pounds per year, Plonka said.