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March 28, 2011MARYVILLE, MO | By: Wayman
The one of a kind plant in Maryville that turns shredded tires into oil and other products for industrial use could be bought and expanded by next year.
Officials from Dynamic Energy Development made the announcement Friday afternoon. That Illinois-based company is wanting to acquire carbolytic materials company or CMC and another company then bring the two together at the existing Maryville CMC plant. This will create an "Energy Campus" that could produce the world's purest type of oil that will be broken down chemically into a variety of other chemicals to be used in jet fuel, kerosene, pharmaceuticals, and other industry uses. Michael Whitfield is executive vice president of Dynamic Energy and calls the acquisition quote "A Game Changer". Construction and expansion on the new 55 million dollar energy campus on Maryville's east side is expected to take about 16 months, which will double the current production and create 30 to 50 new full time jobs. The merging of all three companies involved has yet to be completed.