Akron Plastic Recycling Company Recycles #1-#7's, Sells End Product
Re: Polyflow Secures Agreement to Sell Product on the Spot Market
Akron, Ohio / August 26, 2009 – Polyflow LLC, an Akron, Ohio based early stage advanced energy producer has established an agreement with an Ohio based petroleum trader to sell the Polyflow product commercially. The petroleum trader has agreed to purchase liquid pygas manufactured by Polyflow’s polymer recycling pilot plant. Negotiations for the long term contract continue. This contract will handle the ramp up in volume as Polyflow’s operation evolves from the initial volume yielded by the pilot plant to a full production facility that is currently under development for construction in the Akron/Cleveland area.
Jay Schabel, Chief Executive Officer of Polyflow commented on the quality of the liquid pygas and the incremental sales strategy for Polyflow, “The product will be marketed at a premium to high grade crude oil that will initially be blended into diesel fuel and gasoline”. “Our goal is to eventually split the stream further to recover the valuable aromatic compounds such as styrene, toluene, and cumene to name a few”. These chemicals are used to make plastics, solvents, paints and other engineered products.
Polyflow’s ability to utilize waste plastics and sell the fuels produced as a replacement for commercial grade crude oil signifies the progress the company has made over the past 18 months. Since early 2008, Polyflow has secured over $700, 000 in angel investments, have proven the production capability with over 50 process runs, and created a strategic alliance with local municipalities, waste haulers, waste districts, and a college for the supply of polymer feedstock.
About Polyflow
Polyflow’s innovative technology offers an alternative end-of-life solution for all types of mixed and contaminated plastic and rubber waste including tires and carpeting. Normally these materials are discarded in landfills or incinerated. Polyflow cracks the mixed plastic and rubber waste into fuels and raw materials, the building blocks of polymer and rubber manufacturing, using a patented pyrolysis process. Aromatics are traditionally derived through the importation and refining of crude oil. The primary environmental, economic and social benefits of commercializing Polyflow’s groundbreaking technology include the diversion of plastic and rubber waste from landfills, the creation of green collar jobs and a calculable reduction of our country’s dependence on foreign oil.
Polyflow LLC 526 S. Main Street Suite 221 Akron, OH 44311 330.253.5912 www.polyflowcorp.com Twittering @polyflow sustainability@polyflowcorp.com
Akron, Ohio / August 26, 2009 – Polyflow LLC, an Akron, Ohio based early stage advanced energy producer has established an agreement with an Ohio based petroleum trader to sell the Polyflow product commercially. The petroleum trader has agreed to purchase liquid pygas manufactured by Polyflow’s polymer recycling pilot plant. Negotiations for the long term contract continue. This contract will handle the ramp up in volume as Polyflow’s operation evolves from the initial volume yielded by the pilot plant to a full production facility that is currently under development for construction in the Akron/Cleveland area.
Jay Schabel, Chief Executive Officer of Polyflow commented on the quality of the liquid pygas and the incremental sales strategy for Polyflow, “The product will be marketed at a premium to high grade crude oil that will initially be blended into diesel fuel and gasoline”. “Our goal is to eventually split the stream further to recover the valuable aromatic compounds such as styrene, toluene, and cumene to name a few”. These chemicals are used to make plastics, solvents, paints and other engineered products.
Polyflow’s ability to utilize waste plastics and sell the fuels produced as a replacement for commercial grade crude oil signifies the progress the company has made over the past 18 months. Since early 2008, Polyflow has secured over $700, 000 in angel investments, have proven the production capability with over 50 process runs, and created a strategic alliance with local municipalities, waste haulers, waste districts, and a college for the supply of polymer feedstock.
About Polyflow
Polyflow’s innovative technology offers an alternative end-of-life solution for all types of mixed and contaminated plastic and rubber waste including tires and carpeting. Normally these materials are discarded in landfills or incinerated. Polyflow cracks the mixed plastic and rubber waste into fuels and raw materials, the building blocks of polymer and rubber manufacturing, using a patented pyrolysis process. Aromatics are traditionally derived through the importation and refining of crude oil. The primary environmental, economic and social benefits of commercializing Polyflow’s groundbreaking technology include the diversion of plastic and rubber waste from landfills, the creation of green collar jobs and a calculable reduction of our country’s dependence on foreign oil.
Polyflow LLC 526 S. Main Street Suite 221 Akron, OH 44311 330.253.5912 www.polyflowcorp.com Twittering @polyflow sustainability@polyflowcorp.com
Replies to This Discussion
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Permalink Reply by Beau Daane on -
This is fantastic! Typically recyclers only want to recycle plastic #'s 1 & 2; leaving a LOT of plastic going to landfills everyday. I hope this can scale up to capture much of that material!
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Permalink Reply by Jeff Millis on -
How exciting! This will make plastic recycling so much easier. There won't be all the guesswork and wondering whether or not the item you have can go into your recycling bin or not. I hope this continues to grow and I hope all the local recyclers will be made aware of this fantastic program.
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