Blue Gold Beverages, through its wholly owned subsidiary TY Recycling, has reached a conditional agreement with California Chemical Fiber Material (CCFM) on a reclamation project in Greensboro, South Carolina (US).
Under this agreement Blue Gold Beverages has exclusive rights to conduct its due diligence, to assess the quantity and quality of the commercial grade Nylon located at this privately owned landfill site.
The Nylon was buried at this site approximately four years ago and is believed to be high quality commercial grade nylon.
Daniel Solomita, CEO of Blue Gold Beverages, said: “Blue Gold Beverages initial goal in purchasing TY Recycling in 2010 was to become much more of an environmentally conscience company by having the recycling offset the carbon foot print left by our beverage bottling business.
“This nylon reclamation project provides us with the unique opportunity to assist in cleaning up our environment, while adding huge revenue and shareholder value to the company.”
Source: Blue Gold Beverages
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