New owner of Hampden waste plant expects to invest $35M to restart it

BANGOR DAILY NEWS • July 7, 2023

The new majority owner of a shuttered Hampden waste facility says that it has enough funding and experience to get the plant restarted in the next year-and-a-half. That facility closed three years ago in part because it couldn’t secure enough funding to get it through a difficult start-up period. Other challenges included changes in the recycling markets, the COVID pandemic, and delays in getting permits to resell products it made from waste. But a firm called Innovative Resource Recovery is buying the shuttered facility for $3 million, and CEO James Condela says it’s expecting to invest another $35 million to $40 million to re-open it.