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PublishedApril 5, 2023
Municipal Review Committee announces new partner to restart Hampden recycling, waste-to-energy plant
Committee said Wednesday it is seeking a partnership with Innovative Resource Recovery, a special purpose entity backed by a multibillion-dollar asset management firm.
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PublishedFebruary 7, 2023
Panel once again looking for partners to relaunch Hampden waste-to-energy plant
The Municipal Review Committee ended its exclusivity agreement with New York-based Revere Capital Partners to help operate and partially own the Municipal Waste Solutions plant when it did not meet deadlines for submitting an engineering report and other documents.
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PublishedDecember 14, 2022
Panel optimistic about closing deal for Hampden waste-to-energy plant in early 2023
The Municipal Review Committee, which represents the municipal solid waste interests of 115 Maine communities, remains optimistic it will partner with Revere Capital Partners, a New York-based investment firm, early next year in owning and operating the plant.
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PublishedNovember 10, 2022
Deal delayed on partnership to own, operate Hampden waste-to-energy plant
The financial arrangement between the Municipal Review Committee and Revere Capital Advisors was supposed to be finalized Thursday, but has been pushed back to Nov. 30.
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PublishedAugust 10, 2022
Municipal Review Committee completes purchase of Hampden recycling, waste-to-energy plant
The MRC announced the $1.5 million purchase Wednesday and intends to reopen the plant in nine to 12 months after it establishes a partnership with a financial firm.
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PublishedJuly 21, 2022
Municipal Review Committee negotiating with Dallas investor in purchase, operation of Hampden plant
Committee votes Thursday to discuss partnering with Revere Capital as the committee moves toward acquiring the Coastal Resources of Maine recycling and waste-to-energy plant in Hampden.
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PublishedJune 29, 2022
Acquisition of Hampden recycling and waste-to-energy plant expected within two weeks
The Municipal Review Committee, which represents the solid waste interests of 115 Maine municipalities, plans to buy the plant and updated the public Wednesday on the progress of the purchase.
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PublishedJune 15, 2022
MRC now in position to purchase Hampden recycling, waste-to-energy facility
The Municipal Review Committee announced Wednesday that no qualified bidders have come forward to buy the defunct Coastal Resources of Maine plant, which means the MRC is now poised to take ownership of it for $1.5 million.
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PublishedApril 20, 2022
MRC seeks support from member towns to restart Hampden waste-to-energy plant
If the Municipal Review Committee ends up purchasing the plant, it would look to secure $20 million for operational needs, with MRC municipalities either co-signing on the loan or possibly becoming investors by loaning cash to the MRC.
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PublishedMarch 10, 2022
It may take 2 years for Hampden waste-to-energy plant to make profit once it’s up and running again
The Municipal Review Committee, which represents the solid waste interests of several central Maine towns, held a hearing Thursday outlining its efforts to buy the plant for $1.5 million and get it operational again.
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