SOURCE: IO Circuit

December 08, 2011 07:30 ET

Blue Gold Beverages, Inc (PINKSHEETS: BGBV) Expands in PET Recycling Market

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO CIRCUIT

NEW YORK, NY--(Marketwire - Dec 8, 2011) - Blue Gold Beverage, Inc. (PINKSHEETS: BGBV) announced yesterday that is has completed its due diligence on its contract with Loyalist Township in Ontario Canada for the extraction of 15,900 tons of clear Polyethylene Terephthalate (PET).

Blue Gold Beverage is not alone in the PET recycling business, Coca Cola (NYSE: KO) and United Resource Recovery have the largest bottle-to-bottle recycling plant in South Carolina, Pepsi (NYSE: PEP) introduced its 100% recycled PET bottle for its 7UP brand in July of this year and the Dr. Pepper Snapple Group (NYSE: DPS) released a 2011 CSR report titled Sustainability In Action announcing it saved 12.5 million pounds of plastic in 2010 by using more recycled PET.

Blue Gold is also in negotiations with other landfill sites across North America for the rights to recover commercial grade Type 66 Nylon fiber and PET. The potential value of the nylon waste once cleaned, refined, reground, and pelletized is estimated at approximately $650 per ton.

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