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Eco2 closes Calif. PET recycling facility; Water-free process eludes firm.

Publication: Plastics News
Publication Date: 21-SEP-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Eco2 closes Calif. PET recycling facility; Water-free process eludes firm.(News)

Article Excerpt
Byline: Mike Verespej

Eco2 Plastics Inc. has shuttered its PET recycling plant in Riverbank, Calif., and appears to be running out of time to prove that its water-free recycling process for PET will work.

The financially troubled company laid off 47 of its 58 employees and began dismantling equipment at the plant Sept. 8. Formed in 2000, San Francisco-based Eco2 has spent the past five years trying to perfect its process to make it commercially successful.

In papers filed with the Securities and Exchange Commission Sept. 8, the company now says that it will regroup and hopes to build and open a new plant, most likely in northern California, in the next six to nine months.

Peninsula Packaging Co. Eco2's largest customer,...

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