August 27, 2021
We wanted to send you a brief progress report regarding the sale of the Hampden recycling facility.
As you know, the Memorandum of Understanding (MOU) with Delta Thermo Energy (DTE) is no longer in effect, which means the exclusivity provision also is dissolved.
Because of this, four different entities have contacted the MRC requesting tours of the Hampden plant with a potential eye toward purchase. Two of the tours took place this week, others are scheduled for next week.
Meanwhile, the Bondholder Trustee still is in talks with DTE and DTE continues its effort to secure financing. DTE has said it is making headway on that front.
It is our hope that a deal to purchase the plant will conclude soon.
As always, if you have any questions, please contact me directly.
MRC Executive Director