Glycol recycling company GlyEco closes purchase of Antifreeze Recycling

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Glycol recycling company GlyEco closes purchase of Antifreeze Recycling

GlyEco, a provider of technology for cleaning waste
glycol, has closed the asset purchase of Antifreeze Recycling, which
specializes in the recycling of waste automotive coolant.

The transaction closed on October 26, 2012, is
expected to be immediately accretive.

GlyEco is aggressively buying capacity to meet customer
needs in an underserved market. Integration of the company’s patent-pending
GlyEco Technology will increase production capacity and improve product quality
to meet ASTM Type 1 standards — indistinguishable from refinery grade
material.

This technology allows the company to offer waste glycol
recycling services to four additional industries: HVAC, Textiles, Airline and
Medical. The majority of potential clients in these industries currently do not
have a recycling option when disposing of this hazardous waste.

This patent-pending technology enables clients to handle
the removal of their waste glycol in a responsible and environmentally safe
manner. The technology allows clients to treat glycols as a more sustainable
resource, recycling and re-using waste glycols repeatedly.

Since most polluted glycol is disposed of in surface
waters – which can have devastating results for aquatic life – the GlyEco
Technology solution gives customers a way to reduce waste while caring for the
environment, in some cases, while reducing their costs.

The Antifreeze Recycling team, led by founder Robert
J. Kolhoff, will continue day-to-day operations of the South
Dakota plant. The company plans to increase production as part of its
integration plan for patent-pending GlyEco Technology.

editor@greentechlead.com

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