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.

"We've made tremendous progress on our plant upgrades. I am very proud of what we have accomplished as a team, but I am even more excited about the opportunities that lie ahead, driven by customer needs in underserved markets," said John Lorenz , chairman and CEO of GlyEco. "We are well positioned to offer a real solution designed to help our customers create more environmentally friendly products, all while protecting their businesses from the threat of damage caused by improper waste glycol disposal."

Mr. Lorenz continued, "The waste glycol created by polyester manufacturing is difficult to clean. Most glycol recycling methods cannot remove all of the potentially deadly pollutants, while more effective processes don't make economic sense. As a result, textile manufacturers have very limited options for disposal, and at best this material ends up in a landfill. We intend to change that."

Source: PRNewswire

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Founder and Editor-in-Chief for NBTEquitiesResearch.com. Contributor and Anchor for the Fox News Channel and Fox Business Network 2000-2013. Chairman & CEO of NBT Group, Inc., a boutique private capital investment bank and investor relations organization.

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