$400M plastics plant set to open in Eloy, promising $1B economic impact

Article originally posted on Phoenix Business Journal on February 26, 2026

A $400 million plastics “upcycling” facility that promises more than 100 jobs, hundreds of construction positions and more than $1 billion in projected economic impact is set to open this year in Eloy.

The project will position the city as Freepoint Eco-Systems’ Southwest hub for advanced recycling. The Connecticut-based company develops large-scale “advanced recycling” plants that turn waste plastic into an oil-like feedstock for petrochemical manufacturers.

During a Feb. 9 work session, representatives from Freepoint Eco-systems walked Eloy City Council through detailed plans for a 44-acre facility in the Eloy Industrial Park that would use high-heat “pyrolysis” to convert hard-to-recycle plastic into an oil-like product sold back to petrochemical companies.

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