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

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

Published 01-30-24

Submitted by Koch Industries

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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.


  • 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.

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Koch Industries

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Our life’s work is to help people improve their lives by making and innovating products and services our customers value. Our focus is on delivering mutual benefit: Win-win outcomes that make life better for customers and employees alike.

Based in Wichita, Kansas, Koch Industries is one of the largest private companies in America. A diverse set of businesses and industries across the world, we work together to keep improving and exploring new ways to make life even better.

Koch companies are involved in manufacturing, agriculture, pulp and paper, packaging, consumer products, building materials, glass, automotive components, refining, renewable energy, chemicals and polymers, electronics, enterprise software, data analytics, medical products, engineered technology, project services, recycling, supply chain and logistics, global commodities trading, and investments. Since 2003, Koch companies have invested more than $150 billion in growth and improvements. With a presence in about 60 countries, Koch companies employ more than 120,000 people worldwide, with about half of those in the United States.

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With more than 300 manufacturing sites across the United States – and about 100 more globally – we’re one of America’s largest manufacturers. Every day, across those sites, we strive to create more value, using fewer resources than the day before. We do it through constant improvement and innovation – both in the products we make and how we make them, and by managing our resources in a way that benefits our customers, employees, partners, community members and society.

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Our management framework, Principle Based Management™, is based on proven principles of human progress and a deep appreciation for the dignity of every individual. Our private ownership, shared Vision, Values, compliance standards and oversight all help us focus on long-term value creation.

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