John Lorenz, CEO of GlyEco, is a 30 year veteran of the waste management business and sold his original business to what is now called Waste Management (WM).

Looks like he has kept a few contacts...☺

On Monday, sustainable glycol technologies leader GlyEco, Inc. (OTCQB:GLYE) and environmental solutions provider Waste Management (NYSE:WM) announced they are working together to prevent hazardous waste glycols from ending up in landfills across the United States.

With operational upgrades complete at their South Carolina plant, GlyEco has been able to process and sell several thousand gallons of waste glycol sourced from the textile industry. This is big news considering the textile industry is the largest consumer of monoethylene glycol, with demand exceeding 3.8 billion gallons annually.

The Revolutionary and Disruptive Technology: Initiating Coverage with Strong Buy Rating and 12X Upside

Investment Conclusion:

We are initiating coverage of GlyEco, Inc. with a Strong Buy Rating and $8.50 target price on 64.7 million shares fully diluted and 8 X $1.10 per share 2016 Free Cash Flow target forecast.

Investment Thesis:

Our Favorite "Economic Clean Tech" Player GlyEco (GLYE) Has Had A Nice Couple Of Weeks

First they closed the $3.4M secondary round of equity financing (with warrants to buy an additional 6M shares at $1). NOW we can finally get our NBT Equities Research report out to tell this amazing story to the Street and especially to our subscribers.