Polyflow Secures Agreement to Sell Product on the Spot Market
FOR IMMEDIATE RELEASE
Re: Polyflow Secures Agreement to Sell Product on the Spot Market
Akron, Ohio / August 25, 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.
Contacts: Jay Schabel (CEO) Joe Hensel (Chairman)
Polyflow LLC Polyflow LLC schabeljl@polyflowcorp.com henseljd@polyflowcorp.com
(330) 253-5912 (330) 253-5912
Re: Polyflow Secures Agreement to Sell Product on the Spot Market
Akron, Ohio / August 25, 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.
Contacts: Jay Schabel (CEO) Joe Hensel (Chairman)
Polyflow LLC Polyflow LLC schabeljl@polyflowcorp.com henseljd@polyflowcorp.com
(330) 253-5912 (330) 253-5912
posted by Ben Blanquera at
6:03 AM
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