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RWDC Industries

Weave has worked with RWDC since 2018 facilitating multiple NMTC transactions, supporting funding for their early operating costs, initial pilot plant, and first full scale production line.

2020 Novogradac

Operating Business

QLICI of the Year

Service

NMTC consulting

Location

Athens, Georgia

Brief

RWDC Industries is an early-stage biotech company that creates bioplastics, which can replace traditional petrochemical plastics in packaging materials, particularly food packaging. RWDC uses locally sourced recycled waste cooking oils as a raw material for manufacturing their bioplastics.

Impacts

Job creation:
209 total quality full time jobs
218 installation and construction jobs

Environmental

Replacing thousands of tons of petroleum based plastics with bio-plastics that will degrade in the environment

Uses

NMTC funding was primarily utilized for equipment purchases and installation, alongside working capital.

Financing

$21.7 million in NMTC transactions at the pilot and manufacturing facilities