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Resources Polymers Inc. to process 250 thousand pounds of PS

November 23/2010

(Plastics Net) -- Fox Petroleum Inc. announced today that its Canadian subsidiary Resources Polymers Inc. has successfully processed two hundred and fifty thousand pounds of polystyrene coming from scrap agricultural products.

The plastics recycled 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 first six weeks with our new line have been very smooth and we intend to move up to processing one million pounds per month with increased supply of product in the first quarter of 2011," said William Lieberman President of Fox Petroleum Inc.

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.


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