PHOENIX, Aug. 6, 2013 (GLOBE NEWSWIRE) -- Sustainable glycol technologies leader GlyEco, Inc. (OTCQB:GLYE) ("GlyEco" or the "Company") has completed initial technology upgrades and begun producing Type 1 compliant recycled glycol for commercial use.
"This is a game-changing technology and the only cost-effective method of recycling glycols so they are indistinguishable from newly produced material. We can clean any type of used glycol to meet these standards, and that same material can be used, recycled and used again indefinitely," said John Lorenz, Chairman and CEO of GlyEco.
GlyEco's state-of-the-art testing laboratory has shown the recycled materials comply with ASTM 1177 EG-1 standards, the same purity level expected of refinery-grade glycol. The Company will send samples out to independent third-party labs to verify its results.
Mr. Lorenz continued, "Customers have asked us for proven high-quality recycled glycol at a marketable price. GlyEco Certified T1™ Recycled Glycol meets those needs. For the first time, a more sustainable future is on the horizon for this hazardous material."
GlyEco is a green chemistry company with a patent-pending technology for transforming a hazardous waste into green products. GlyEco Technology™ has the unique ability to clean the polluted glycols from all five waste-producing industries: HVAC, Textiles, Automotive, Airline and Medical. This technology recycles waste glycol to meet ASTM Type 1 specifications – the same level of purity expected of refinery-grade glycols.
This patent-pending technology enables our clients to handle the removal of their waste glycol in a responsible and environmentally safe manner. Our clients can treat glycols as a more sustainable resource, recycling and re-using waste glycols repeatedly. Since most polluted glycol is disposed of in our surface waters - which can have devastating results for the environment, especially aquatic life - the GlyEco Technology™ solution gives our customers a way to reduce waste while caring for the environment, while reducing their costs.
About Glycol Recycling
Recycling waste glycols presents an inventive solution to supply shortages and increasing costs for refinery-produced material. Global consumption for refinery-produced ethylene glycol is over 5.5 billion gallons per year and climbing. GlyEco Technology™ is uniquely able to process all five sources of waste glycols, opening new avenues of supply. With proper handling, glycols can be recycled and reused indefinitely, creating the opportunity to utilize this valuable material as a predominately sustainable resource.
Special Note Concerning Forward-Looking Statements
This release contains statements that may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These statements regard the intent, belief, and expectations of the Company. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, they involve risks and uncertainties, and their results may differ materially.
CONTACT: Paul Kuntz RedChip Companies, Inc. Tel: 1-800-RED-CHIP (733-2447), ext. 105 Email: firstname.lastname@example.orgSource:GlyEco, Inc.