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Stuart-Paul to deliver Keynote Address at MEDCO Annual Lunch

(Marion, IA) The Marion Economic Development Company (MEDCO) is announcing plans for their 29th Annual Business Luncheon. The luncheon will be held Wednesday, March 12, at the Best Western Longbranch, 90 Twixt Town Rd in Marion, IA.   Social begins at 11:15 with lunch beginning promptly at 11:45.  MEDCO Board Chair, Tom Barnes will discuss recent and future economic development activities in Marion and the Corridor.  Mr. Barnes will also address MEDCO’s upcoming 5-year Capital Campaign.

The keynote speaker will be Mr. Craig Stuart-Paul, President and CEO of Fiberight of Catonsville, MD. Fiberight has developed cutting edge technology that makes ethanol, natural gas and chemical by-products out of municipal waste.  They propose the construction of a 50,000 sq. ft. production facility in Marion that will operate in conjunction with the Fiberight owned, ethanol plant in Blairstown, Iowa.

Prior to founding Fiberight in 2006, Craig Stuart-Paul has been involved in the science, operations and management of both the recycling and brewery businesses for almost two decades. Mr. Stuart-Paul launched the Oxford Brewing Company, Maryland’s first micro-brewery. He segued into the recycling business with the formation of Resource Recovery of Maryland in 1994. This business focused on processing recycled glass into furnace-ready material for the glass container industry. Mr. Stuart-Paul was an industry pioneer in the use of optical sorting technologies for contaminant removal. In 1996, he formed Fairfax Recycling, Inc, a company that recycled residential materials collected in central Maryland and Northern Virginia. He built Fairfax into a large regional recycling center, processing over 150,000 tons of recycled materials annually before the business was sold to a Fortune 50 company in 2004.  Mr. Stuart-Paul then formed Atlantic Recycling Technologies, LLC and Fiberight LLC to develop advanced fiber recovery and alternative fuel technologies. With his specialty expertise, he has also advised design-and-build teams for several large recycling plants in the United States and Europe, that collectively processes over 350,000 tons per year of wastes.

Marion Economic Development Company President George Lake, expressed pleasure in Mr. Stuart-Paul’s coming presentation.  “MEDCO’s primary focus is on facilitating the growth of existing companies and encouraging entrepreneurial business growth.  Fiberight has developed new technologies that will address the serious problem of alternatives to land-filling our waste, and they will create high paying jobs and saleable, needed products. It is innovative people like Craig Stuart-Paul who drive the new economy that creates jobs for the future while addressing today’s problems. It is safe to say that Craig is a visionary leader who has a stirring message to share.”

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