Alterra IOS Acquires 5-acre Philadelphia Site for $40M project

Alterra IOS Acquires 5-acre Philadelphia Site for $40M project

A joint venture between Alterra IOS and Eco Materials purchased a 5-acre site at 6110 Passyunk Ave. in Southwest Philadelphia for $5.75 million to build a soil recycling facility. Including the purchase price, the project will cost $40 million. Construction began this month, with the facility set to operate by spring 2025. The clean wash facility will accept non-hazardous contaminated soil, primarily from construction companies, and clean it for reuse, with up to 85% suitable for sale. The facility is designed to recycle up to 250 tons per hour.

*Article courtesy Philadelphia Business Journal

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