RIMTA Receives $ 30,000 Grant – Trade Only Today
The Rhode Island Marine Trades Association Foundation is the recipient of a $ 30,000 grant to continue its fiberglass boat recycling pilot project. The scholarship was announced by BankNewport’s OceanPoint Marine Lending Division.
“As a leading lender in the marine industry, we are keenly aware of the incredible benefits of boating, as well as its potential negative impact on the environment, especially when boats are taken out of service,” said Larry Reagan, senior vice president of OceanPoint and director of marine and recreational loans. “The work that the RIMTA Foundation has done to mitigate this impact through its recycling program is simply exceptional.”
Phase 1 of the RIMTA project, which ended in 2019, was deemed successful, with more than 60 tonnes of ships collected and recycled. The recycled materials were used as a filler in the manufacture of concrete and as a source of energy, which led to phase 2 of the project Last year.
The BankNewport grant helped the RIMTA pilot program gain national attention. Last year, the National Oceanic and Atmospheric Administration’s Marine Debris Program awarded RIMTA a grant of more than $ 105,000 to expand the program throughout New England and beyond.
“We continue to answer critical questions regarding the life cycle of pleasure craft and the sustainable reuse of fiberglass waste,” said Evan Ridley, director of environmental programs for RIMTA. “Boats built with composite materials present an incredible opportunity for our Ocean State to establish a new path for the collection and recycling of high-value scrap metal derived from thousands of other composite products currently in landfill.”