Houston American Energy (HUSA) announced it has closed the $8.5M acquisition of a 25-acre site at the Cedar Port Industrial Park located in Baytown, Texas from TGS Cedar Port Partners. HUSA plans to construct its first plastics recycling plant at the location, transforming plastic waste into pyrolysis oil. The strategically located site will be the foundation for a U.S. innovation hub dedicated to developing recycling, renewable and circular technologies supported by the industrial park’s robust infrastructure.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HUSA:
- Houston American Energy secures $5M in financing to acquire Texas site
- Houston American Energy secures $100M equity line of credit
- Houston American Energy Completes Strategic Acquisition
- Houston American Energy Closes $1.2 Million Stock Offering
- Houston American prices 81,629 shares at $14.80 in registered direct offering