SAN FRANCISCO, Nov. 25 /PRNewswire-FirstCall/ -- ECO2 Plastics, Inc. (OTC Bulletin Board: EOPI) the eco-friendly recycling company that is changing the way plastics are recycled, today announced that it has received a favorable opinion letter from the US Food and Drug Administration (FDA), which affirms the effectiveness of its proprietary waterless cleaning process for recycling post consumer plastic, allowing the Company's recycled plastic flake to be used in food packaging applications.
"We are pleased with the conclusions of the FDA review and look forward to expanding the market for our recycled PET flake into food contact applications," said Rod Rougelot, CEO of ECO2 Plastics. Rougelot added, "Having achieved the highest level of approval in nine FDA Condition of Use categories clearly demonstrates the effectiveness of our proprietary process, while answering the question that inspired the foundation of our business; 'What if washing didn't entail the use of water?'"
Excerpts from the opinion letter include deeming the ECO2 process effective at reducing contaminants that result in a dietary concentration below .5 parts per billion, the FDA's threshold of regulatory concern. The FDA concluded that ECO2's secondary recycling process, as described in the Company's submissions, would produce RPET that is of a purity suitable for use up to 100% recycled content in the manufacture of articles in contact with all food types, under Conditions of Use A (i.e. ready-prepared foods to be reheated in container at time of use) through H (i.e. frozen and refrigerated storage; ready-prepared foods intended to be reheated in container at time of use) and J (i.e. cooking at temperatures exceeding 121 degrees Celsius such as baking and browning), which can be accessed from the Internet in the Food Ingredients and Packaging section under the Food topic at http://www.fda.gov.
About ECO2 Plastics (http://www.eco2plastics.com)
ECO2 Plastics, (EOPI.OB), is a publicly traded company engaged in PET plastic recycling. The Company's patented process was developed through a research partnership with Honeywell FM&T and the US Department of Energy. ECO2 Plastics is the exclusive worldwide licensee of the patented and patent- pending technology. Headquartered in San Francisco, California, the Company operates a recycling plant in Riverbank, California, with another plant currently under development.
ECO2's approach sets it apart from competitors that deploy water-based recycling processes. Unlike other recyclers, ECO2 's process eliminates the use of water, respects and preserves the environment, while delivering a high quality recycled plastic flake with comparably lower operating costs. ECO2 Plastics is the only recycling company that can claim that (i) its plastic recycling technology has a negligible impact on the environment and (ii) is distinguishable from existing technologies when it comes to water waste and chemical contamination.
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Cautionary Warning Regarding Forward-Looking Statements
"Forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995, may be included in this press release. These statements relate to future events and/or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. ECO2 Plastics, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Please refer to the documents filed by ECO2 Plastics, Inc. with the Securities and Exchange Commission, which identify important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with our ability to (i) increase revenues, (ii) obtain profitability, (iii) obtain additional financing, (iv) manage changes in general economic and business conditions (including in the environmental technology and plastic recycling industries), (v) react to actions of our competitors, (vi) develop new services and markets for our services and products, (vii) properly quantify the time and expense involved in such development activities, (viii) identify and manage risks in connection with acquisitions (ix) identify and capitalize upon the level of demand for and market acceptance of our services and products and (x) make any necessary changes to our business strategies.
|SOURCE ECO2 Plastics, Inc.|
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