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 # KOCH INVESTS: Building an Energy-Efficient Recycling Steel Rebar Mill

 


 

 Jan 29, 2024 8:25 AM ET

  ![Photo of bridge cables with the text "Koch Invests"](/sites/default/files/styles/carousel_2x/public/images/Banner_Koch_011524.jpeg) 

**Koch Minerals & Trading** (KM&T) recently participated in a $700 million debt and equity financing round for **Hybar**, a newly formed company that plans to build, start up and operate a technologically advanced and energy-efficient scrap metal recycling steel rebar mill in Arkansas.

- KM&T joined TPG Rise Climate and Global Principal Partners in the investment, $470 million of which will be spent to build the mill, with the remainder used to start up and operate it, build a solar power plant and port facility, and pay certain debt service costs during construction.

**BY THE NUMBERS:**

- The mill is expected to take 22 months to build on a 1,300-acre site with direct access to barge, rail, and truck transportation options.
- Hybar plans to produce 630,000 tons of rebar annually with approximately 154 employees, or 4,090 tons per employee.

**WHY KOCH INVESTED:** “We're excited to support Hybar in bringing this transformational scrap metal recycling facility to market,” said Vance Holtzman, senior vice president of KM&T Investments. “Moving forward, we see this as a mutually beneficial partnership, matching KM&T's capabilities with the Hybar and TPG teams’ proven track record in developing innovative projects that meet market needs.”

- The partnership with Hybar follows a successful investment in Big River Steel, which was subsequently fully acquired by U.S. Steel.
- KM&T subsidiary Koch Metallics will provide metallics procurement services to Hybar and risk management services to Hybar customers.

**WHAT THEY’RE SAYING:** “We're proud to have the backing of Koch Minerals & Trading as part of a group of investors that see the potential promise of our innovative scrap metal recycling steel rebar technology,” said Hybar CEO Dave Stickler.

**GO DEEPER:** Read more about [Koch Minerals & Trading](https://www.kochind.com/companies/koch-minerals-trading).



 

 

 

 

 

 

 

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