Abundia Global shares surge 21.62% intraday after announcing two new $200M+ annual revenue plastics recycling sites in the U.S. and expanding renewable fuel partnerships.

Abundia Global Impact Group surged 21.62% intraday following the announcement of a strategic expansion in plastic recycling. The company authorized two new U.S. facilities, each projected to generate over $200 million annually by processing 320,000 tons of waste plastic. This development, part of a partnership with Alterra Energy, aligns with the firm’s shift toward renewable fuels and positions it as a key player in sustainable energy. While prior governance updates (e.g., board elections, auditor ratification) were routine, the recycling expansion directly addressed operational scalability and profitability, overshadowing earlier bearish financial metrics like negative EBITDA. The move underscores Abundia’s pivot from its former Houston American Energy identity toward a growth-focused impact-oriented strategy.