SOURCE: Fox Petroleum, Inc.

November 22, 2010 08:29 ET

Fox Petroleum to Finalize Wash Line for Processing and Cleaning of Scrap Plastic Materials

Canadian Plastics Recycling Subsidiary Intends to Have Proprietary Cleaning Ability for Plastic Waste Service in Ontario, Recommends Investors Watch Trash Inc. Produced by CNBC

NEW YORK, NY--(Marketwire - November 22, 2010) -  Fox Petroleum Inc. (PINKSHEETS: FXPT) announced today that its Canadian subsidiary, Resources Polymers Inc., expects to have its wash line finalized by mid December of 2010.

"We installed our wash line and had it running and processing (PET) water bottles in 2009, however we stopped using it for a good part of 2010 while we installed our new processing line,"said William Lieberman President of Fox Petroleum Inc. "We will be the only firm that I know of with the ability to clean any type of post industrial scrap plastic waste in southern Ontario. We expect the demand for our stream line process of sorting, shredding, grinding, cleaning and extruding any type of plastic compound to have a serious impact for recyclers and municipalities in the region and we expect in 2011 to be a very good year," he added.

The plastics the company currently recycles have gone back into the recycling system and have already been sent back to remaining compounding firms and are being turned into new products including new agricultural trays for greenhouses. 

The company would like to recommend the excellent documentary Trash Inc. produced by CNBC and hosted by Carl Quintanilla for a further understanding on how its processes are used in the recycling system and how water bottle recycling is expected to grow.

http://www.cnbc.com/id/38830389?__source=vty&7ctrashinc

http://www.hulu.com/watch/184846/cnbc-originals-trash-inc-the-secret-life-of-garbage

Currently the company is processing at approximately 2,500 to 3,000 pounds per hour and the Canadian subsidiary which will become carbon neutral intends to process up to 30 Million pounds of post industrial and post consumer scrap plastics per year with revenues approaching five million dollars per year. Fox Petroleum is aggressively seeking additional acquisition targets in the plastics recycling market place to increase its processing capacity and the company is currently speaking to Fortune 500 companies in the automotive and beverage industries to process plastic waste streams and fulfill circular recycling streams.

About Fox Petroleum Inc. (PINKSHEETS: FXPTwww.foxpetro.net

Fox Petroleum Inc is focused on acquiring, developing and operating plastic recycling operations throughout North America. With a focus on plastic waste compounds and the aggregating of plastic scrap products for manufactures. Fox Petroleum's goal is to become an important partner for leading recycling companies who need proficient services. The company expects its Canadian subsidiary which will become carbon neutral will process up to 30 Million pounds of post industrial and post consumer scrap plastics per year with revenues approaching Five million dollars per year at these processing levels. Fox Petroleum is aggressively seeking additional acquisition targets in the plastics recycling market place to increase its processing capacity and the company is currently speaking to Fortune 500 companies in the automotive and beverage industries to process plastic waste streams and fulfill circular recycling streams

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