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PTI Recycling Systems Formed to Sell/Service Modular, Food-Grade rPET Production System Globally
Date:6/22/2009

HOLLAND, Ohio, June 22 /PRNewswire/ -- A compact, modular system to produce food-grade, recycled polyethylene terephthalate (rPET) resin is now available globally. The system has been designed to cost-effectively address increased international rPET demand for blow molding, injection molding and thermoforming applications, by efficiently turning post-consumer PET containers into reusable food-grade resin.

PTI Recycling Systems, LLC, a wholly-owned subsidiary of Plastic Technologies, Inc., has been formed to bring the proven LNO(TM)c rPET production process to the global marketplace. For the past two years, LNO(TM)c resin has been produced for commercial use in the United States, by Plastic Technologies' sister company Phoenix Technologies, Bowling Green, Ohio.

"Plastic Technologies has a strong reputation as a global engineering firm that executes confidential, technical packaging projects for major brand owners around the world. Because we have had the opportunity to validate the LNO(TM)c process for several applications, we believe that this technology has the potential to become the new global standard for rPET production," said Craig Barrow, president, Plastic Technologies.

The new company will be headed by Steve Hawksworth, director, who will be responsible for selling and servicing the "small footprint, low energy" system internationally. (The equipment requires less than 2,500 sq. ft. and can easily be taken apart and transported to a new location, if desired.)

"The base unit produces 10 million pounds or 4,500 metric tons of rPET per year. Capacity can easily be doubled with an add-on module. Further, we estimate the 'total cost of ownership' at approximately 40% less than other rPET technologies which can require capital investments as high as $8-10 million," said Hawksworth.

The modular system is ideal for companies who want to quickly incorporate commercial
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SOURCE Plastic Technologies, Inc.; PTI Recycling Systems, LLC
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