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,000 has been set aside for legal and accounting, ,000 for special consulting that may be required during start up and ,000 each for local engineering and lab equipment and supplies.
Its initial annual capacity will be 46 million pounds and it will utilize bottle feed stock from California, Oregon and Washington States, which collect over 200,000,000 pounds per year.
The Company will become totally vertically integrated, and use all or almost all of its recycled material in its Packaging Division.
Its initial capacity will be 46 million pounds, and it will utilize post-consumer bottle feed stock presently collected in California, Oregon and Washington States, which collect over 200 million pounds per year.
The Company will be vertically integrated, and use almost all of its recycled material in its Packaging Division.
This environmentally-favorable venture provides for the development of technically feasible and economically viable solutions to PET plastic beverage bottle recycling, as well as environmentally aware in-house re-use practices which filter and return nearly all of the process water to the production lines.
Through the Senior Management’s industry-wide contacts, the Company has identified potential customers and received commitments for all of the production potential of the initial facility.
Replay has concluded that the savings available outweigh any other consideration and that we will purchase the cleaning and refining equipment from Company A.
Our start-up expenses are budgeted at 0,000, which is mostly for on-site contractor services during facility preparation.
Sam Mc Guire, Executive VP and COO, is a graduate Engineer with over 20 years experience in the post-consumer plastics recycling industry and is the inventor of the primary cleaning & refining technology used in the process for this project.
He has received a patent for his technology and has been directly involved in over twenty-five major post consumer plastics recycling projects. Smith, CFO, has over 30 years investment and merchant banking and management experience.