The sprawling 600-acre complex will now be entered in to a cleanup program designed to reposition the former chemical plant for new utilization. Preliminary activity is expected to include environmental remediation, demolition of antiquated plant facilities, liquidation of surplus equipment, and extensive redevelopment planning. 

The retired Fibrant facility has unique features and logistical attributes that CDC believes represents potential for new development for Augusta, Richmond County, and the surrounding areas. Currently the manufacturing campus remains intact with over 150,000 square feet of offices, warehouses, training rooms, conference rooms, laboratories, and other buildings. Development planning will determine highest and best use for the existing facilities.

"This is yet another great example of ELT's environmental liability buyout and business expertise bringing a comprehensive solution to the table to meet multiple stakeholder needs," said Jim Vetter, Managing Director at Marsh USA who placed the environmental insurances for the transaction.

"We consider the former Fibrant site in Augusta to be a tremendous opportunity for new development, and we are looking forward to the environmental and economic benefits this transaction brings to the area" said Mark Hinds, Executive Vice President at ELT. 

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