SEATTLE (Recycling Monster): Minnesota-based Eureka Recycling announced that it has received financial assistance of more than $10 million towards upgrading its single-stream MRF in Minneapolis.

The company received a $10 million loan from Closed Loop Partners’ (CLP) private credit arm, the Closed Loop Infrastructure Group, which also includes $3 million from American Beverage and the Minnesota Beverage Association. This is the fourth loan by CLP to Eureka Recycling to date. Also, a grant funding of $350,000 has been provided by The Recycling Partnership.

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The recycler will use the money to install new optical sorters, which in turn will reduce contamination and boost the recovery of certain commodities. The upgrades will result in additional capturing of 222 tons of PET and 248 tons of aluminum per year. In addition, it is also expected to deliver significant improvement in recovery of other items such as polypropylene, polyethylene, mixed paper and cardboard.

Miriam Holsinger, co-president and chief operating officer, Eureka Recycling, in a statement, said that the loan will fund key upgrades that will bolster the company’s resilience to changes in the recycling material stream and shift in policy in the U.S.