ELYRIA — A company that converts scrap tires into an asphalt additive and is eying a possible location in Lorain has received a $350,000 grant from the Ohio Environmental Protection Agency.
The state agency said in a news release that the grant would flow through the Lorain County Solid Waste Management District to Full Circle Technologies.
Don Romancak, who heads up the Lorain County Community Development Department, said the company has yet to settle on a site but has looked at several potential locations in Lorain.
“We’ve been working with them for the better part of a year-plus assisting them in getting potential funding lined up as well as potential pilot projects where they would demonstrate the advantages of the additive,” he said.
Romancak said Full Circle converts the scrap tires into a liquid that is added to asphalt.
“It creates better-performing and lower-costing asphalt, which should lengthen the useful life of the product and be more cost-effective,” he said.
Once the company begins operations, Romancak said he anticipates about 15 employees to be hired to work on the line. Looking into the future, he said, the company could eventually employ between 80 and 90 workers if additional lines are added.
The exact timeline on the project remains unclear, he said, but Solid Waste Director Keith Bailey said the company has two years to use the grant money to purchase equipment. Bailey said under the terms of the grant Full Circle will purchase equipment and then be reimbursed by the grant.
Romancak and Bailey also said the company could receive a loan from the Solid Waste District to help with funding. Romancak estimated that loan would be between $250,000 and $500,000.
The company didn’t respond to a request for comment Wednesday.
Lorain Mayor Chase Ritenauer said he was aware of the work to bring Full Circle to the city, but he hasn’t been directly involved in those efforts.
“We’d welcome the jobs as well as the new technology if it pans out,” he said.
The EPA also announced this week that it has awarded a $25,000 litter management grant to the Lorain County Solid Waste Management District.