BLUE GOLD BEVERAGES INC (PINK: BGBV) plummeted 9.13% to $0.0199 on volume of 1.92 million shares in the morning hours after the company’s commercial grade thermoplastic polymer reclamation project in Greenwood, South Carolina is progressing on schedule.
Blue Gold Beverages operations team on-site in South Carolina is executing a grid pattern of excavation on the approximately 5 acre site in order to maximize efficiency. The 20,000 to 30,000 metric tons of thermoplastic polymers is buried at a very shallow 3-foot depth, which allows for easy extraction.
The thermoplastic polymers being extracted from the landfill site is consistent with commercial grade type 66 nylon waste, originating from Solutia Inc., a global, market-leading performance materials and specialty chemicals manufacturing company, with its headquarters based in St. Louis, Missouri, USA.
Blue Gold Beverages wholly owned subsidiary, TY Recycling specializes in the cleaning, processing and recycling of thermoplastic polymers such as Polyethylene Terephthalate and Type 66 Nylon waste. This is in-line with the company’s strategy of becoming environmentally responsible by eliminating its carbon footprint, and increasing shareholder value.
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