Friday, January 23, 2015 9:05:15 AM
Dragon Polymers, Inc. (OTCBB: DRAG) FULL REPORT
Dragon Polymers is completing its due diligence on expanding its waste streams too include ASR, (Auto Shred Residue) Nylon 6 and Nylon 6/6, Polyester and Polypropylene from carpets. Dragon Polymers is working with several OEM’s evaluating different equipment options to best sort, separate and transform these new waste streams into usable polymers.
Due to Federal Regulations the number of active landfills has been dramatically reduced from 8000 to 1600 in the past 25 years. This year alone, 10 billion pounds of Carpet and ASR (Auto Shred Residue) will end up in landfills across North America.
Dragon Polymers business model focuses on landfill mining of post-industrial polymers, specifically Nylon 6, 6 and Polyethylene Terephthalate. With growing landfill sites becoming a worldwide problem, landfill reclamation projects provide Dragon Polymers a unique opportunity to assist in rehabilitating our environment, while earning revenue for the company and enhancing shareholder value. The Company will continue to expand its business model to include other reclamation projects of post-industrial polymer fiber throughout North America.
Potential merger partner:
HITEC is a privately owned, government approved company that can design and install pyrolysis systems and equipment that can convert waste materials into renewable energy and alternative fuels.
The Hitec system can process Whole OTR (off the road) or shredded tires.
The process is based on past and present research and utilizes the expertise of scientists, professional engineers, military and environmental consultants.
Hitec has successfully completed over 2 years of research for the military on converting waste material to alternative fuel for electrical generation.
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