Industry News

GlyEco Expands Recycled T1 Glycol's Processing Facility in NJ to Meet Increasing Customer Demand

Published on 2014-02-28. Author : SpecialChem

PHOENIX -- Sustainable glycol technologies leader GlyEco, Inc. ("GlyEco" or the "Company") began its second phase of expansion at its New Jersey processing center to meeting increasing customer demand for its refinery-grade recycled glycol.

The upgrades currently underway will further expand the Company's waste glycol processing capacity and storage capabilities. Additional on-site storage enables GlyEco to increase its batch processing flexibility, which the company believes will lead to improved margins.

"We're thrilled with the increasing demand we're seeing from customers for our Type 1 compliant recycled glycol," state John Lorenz, Chairman and CEO of GlyEco. "By quickly moving ahead with this next phase of upgrades, we're further establishing our leadership position in the industry. There are approximately 700 million gallons of waste glycols produced each year in the U.S. Increasing our processing capacity allows to take more market share more quickly, while the added storage capabilities will be a major profitability driver for the Company, leading to strong shareholder value improvements in the months and quarters ahead."

Mr. Lorenz added, "We began producing and selling our GlyEco Certified T1 product in commercial quantities during the fourth quarter of 2013. With the added benefit of independent third-party certification of the quality of our recycled product, which is indistinguishable from virgin-grade glycol, we've been able to ramp sales efforts substantially. The positive feedback we're receiving from our growing list of customers is highly encouraging as we seek to capitalize on what we estimate to be a $5 billion domestic market opportunity."

About GlyEco

GlyEco is a green chemistry company with a patent-pending technology for transforming a hazardous waste into green products. GlyEco Technology™ has the unique ability to clean the polluted glycols from all five waste-producing industries: HVAC, Textiles, Automotive, Airline and Medical. This technology recycles waste glycol to meet ASTM Type 1 specifications - the same level of purity expected of refinery-grade glycols. This patent-pending technology enables their clients to handle the removal of their waste glycol in a responsible and environmentally safe manner. Their clients can treat glycols as a more sustainable resource, recycling and re-using waste glycols repeatedly.

Source: GlyEco

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