Plastic2Oil Inc (PTOI)

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RES Polyflow Concludes Successful Scale-Up Campaign of Continuously Fed Waste Plastic-To-Oil Conversion Technology


http://www.respolyflow.com/2013/10/res-polyflow-concludes-successful-scale-up-campaign-of-continuously-fed-waste-plastic-to-oil-conversion-technology/



Akron, Ohio / October 2, 2013 – Akron, Ohio based RES Polyflow announced today that the scale-up campaign for the company’s patented energy recovery technology has successfully concluded with results that meet or exceed company expectations. Supported in part by an Ohio Third Frontier grant, the demonstration campaign conducted throughout the summer of 2013 proved that the company’s waste plastic conversion process is stable and efficient in a full-scale production environment and that all material inputs and outputs are able to be managed on a continuous process basis.

RES Polyflow CEO Jay Schabel stated, “The RES Polyflow team has a rich history of achieving the goals set before them in proving out the technology through the classical steps to commercialization. We prove our capability with our results and are now excited to construct our first continuous operation plant with profitability at the forefront. As we achieve this critical milestone we would like to express our sincere appreciation to the Third Frontier program, our operating team and shareholders, and the strategic partners who have been by our side for nearly five years.”

“RES Polyflow is yet another example of how Ohio Third Frontier sparks early-stage companies to be successful and to grow and succeed in Ohio,” said David Goodman, director of the Ohio Development Services Agency and chairman of the Ohio Third Frontier Commission.

The company intends to pursue various avenues of next-stage growth, including the possibility of converting the Perry, Ohio demonstration site into a fully operational production facility over the next 12 months. A number of independent plant owner/operators attended the summer demonstrations and are now in negotiation with RES Polyflow to license the technology for implementation in North America and overseas. The company previously announced a joint venture agreement with a Las Vegas NV based group under the name ENRETEC to commercialize the technology in specific western US markets.

About RES Polyflow

RES Polyflow designs, markets and manufactures energy recovery systems that offer an end of life solution for mixed plastic and rubber waste including tires, carpeting and e-waste. Normally these materials are discarded in landfills, incinerated or exported overseas. RES Polyflow’s continuous feed process equipment converts these items into renewable transportation fuels, octane enhancers and aromatics using a patented waste to energy conversion process. In 2011 the company received a State of Ohio Third Frontier Advanced Energy Program grant to demonstrate the RES Polyflow process at scale. For additional information, go to www.respolyflow.com.