Land Betterment Corporation Discusses Its Betterment Recycled Mulch Division
Company is recycling tires throughout the coal mining region to clean the environment and create sustainable materials and jobs
FISHERS, Ind., May 20, 2020 /3BL Media/ - Land Betterment Corporation (“Land Betterment” or the “Company”), an environmental solutions company fostering positive impact through upcycling former coal mining sites to create sustainable community development and job creation, is pleased to announce the further development of its initial two tire recycling centers. The Company is finalizing engineering plans of its Bluegrass Plant in Pike County, Kentucky, near the town of Pikeville and its Mountaineer Plant in Wyoming County, West Virginia, near the town of Oceana.
Land Betterment’s Chief Development Officer, Tom Sauve commented, “We are witnessing a shift in our nations energy sources, and as a result we have seen a region plagued with an abundance of environmental and social problems. One of the issues facing the region is the lack of options to properly dispose of used tires and the high cost that comes with it. Old mining tires litter the landscape, waterways and are overflowing landfills and scrapyards. In fact, the mountainous typography in the region also cause over-the-road tires to wear out prematurely. As a solutions-based company, our goal with Betterment Recycled Mulch is to create a viable, local source to dispose of tires, clean up the environment, create sustainable employment opportunities that fit the skillset of the local labor force, while creating a safe, sustainable groundcover material.”
Land Betterment is partnering with a world-renowned tire shredding equipment manufacturer and engineering company to implement systems to refine the material to various sizing to meet a variety of ground cover and industrial needs. Additionally, the Company is working with various funding sources to build out each facility and has already secured two initial commitments of new markets tax credits totaling approximately $11.6 million. Land Betterment anticipates each facility to directly create between 25 – 40 job opportunities once complete and operating.
Mr. Sauve continued, “We very much look forward to continuing working with the communities and our partners to bring these solutions and opportunities to the region, and we look forward to updating all stakeholders on our progress of Betterment Recycled Mulch as well as our other initiatives in the region.”
For information on Land Betterment’s community-based crowdfunding campaign and to Join the Cause, visit: https://fundopolis.com/raisedetails?id=fade63b4-fb1d-402b-b5ab-eee3d5c961f6 .
About Land Betterment Corporation
Land Betterment Corporation, an Indiana Benefit Corporation and Pending B-Corp, is an environmental solutions company focused on fostering a positive impact through upcycling former coal mining sites to create sustainable community development and job creation. The Company utilizes a complete solution-based lifecycle program to restore and rehabilitate the environment and revitalize communities in need of change and opportunity. Land Betterment accomplishes this by identifying un-reclaimed, run-down and neglected coal mining sites, fixing the environment through reclamation and remediation, and then repurposing the land to support a sustainable business that serves the community. Land Betterment firmly believes that with real solutions it is possible for restoration of impacted areas to live side-by-side long term employment, while building sustainable and safe surroundings for communities and our planet. For more information visit landbetterment.com or connect with the Company on Facebook, Twitter, and LinkedIn.
Special Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company’s actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond Land Betterment Corporation’s control. The words “believes”, “may”, “will”, “should”, “would”, “could”, “continue”, “seeks”, “anticipates”, “plans”, “expects”, “intends”, “estimates”, or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.
Company Contact:
Mark LaVerghetta
317.537.0492 ext. 0
Chief Governance Officer, Corporate Finance
info@landbetterment.com
Source: Land Betterment Corporation
