GlyEco is a green chemistry company with a breakthrough patent-pending technology that transforms hazardous waste into reusable products. GlyEco captures, cleans, and recycles nearly 100% of waste glycols. This breakthrough technology was perfected only after twelve years of research and development and presents a multi-billion dollar opportunity for the company. GlyEco’s proprietary technology gives the company the unique ability to remove large amounts of toxic waste from the environment and the hazardous material to be recycled and used again indefinitely.
The world uses almost 6 billion gallons of glycols every year with nearly a billion gallons used in North America alone. Glycols are ubiquitous chemical compounds derived from natural gas and petroleum and have multiple commercial and industrial applications. Well-known glycol uses are antifreeze and coolants. Other important uses include industrial coolants, fiberglass and plastic products, air-conditioning systems, and airplane de-icing. They also are used as a raw material in the production of solvents, cleaning compounds, perfumes, liquid soaps, and cosmetics.
Glycols breakdown and degrade rapidly. However, glycols are known to exert high levels of biochemical oxygen demand during degradation in surface waters. This process adversely affects aquatic life by consuming oxygen that aquatic life needs to survive. The EPA lists glycol as a hazardous waste yet estimates only 12% of antifreeze actually is recycled. Most glycols wind up in the public drainage system contaminating streams, rivers, lakes, and permeating the water supply.
GlyEco’s new technology recycles not only antifreeze but also has the unique ability to clean the polluted glycols from all five major glycol waste producing industries: HVAC, Textiles, Automotive, Airline, and Medical. GlyEco recycles waste glycol to meet the same specifications and level of purity delivered from refinery grade glycols. Utilizing GlyEco Technology™, almost all of this hazardous waste can be cleaned and reused again and again.
The company is implementing an aggressive growth plan through partnerships and the acquisition of existing glycol recyclers. GlyEco recently entered into an agreement with Waste Management (NYSE: WM) and will pick up polluted glycol at their landfills. GlyEco also has completed upgrades at its South Carolina plant and plans to increase processing capability at its New Jersey plant to at least 10 million gallons per year.
Glycol recycling makes environmental sense and represents a multibillion-dollar market opportunity. With their patent-pending technology and unique business strategy, GlyEco is in a position to make a lot of sense too for the savvy investor.
For more information, visit www.GlyEco.com
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