Casey Container Corp. (CSEY.OB) Signs Letter of Intent to Act as Managing Partner of New Joint Venture

By @ibtimes on

Casey Container Corp. is engaged in the design and manufacture of biodegradable PET, HDPE and other plastic polymer preforms, bottles and containers for use in the bottled water, beverage and consumer products industries. The company offers its biodegradable plastic packaging solutions using the breakthrough science of the EcoPure additive and technology.

The company announced today that it has signed a letter of intent to act as the managing partner of a new joint venture, Casey Container International, a new private company. Casey Container Corp. will provide the management and expertise to engineer, build, develop and manage a group of preform and bottling manufacturing facilities at various locations around the globe.

The new facilities will use Casey Container’s biodegradable additive EcoPure in the manufacturing of its preforms and bottles. The company holds a license to EcoPure which is a revolutionary second-generation, proprietary and organic additive. Once added to a resin used to produce plastic bottle preforms, it renders the plastic biodegradable.

Casey Container’s biodegradable preforms are made of PET, HDPE and other conventional polymers, thus offering the same performance and cost-effective advantages of conventional plastics. By introducing EcoPure into the manufacturing process, Casey expects to produce truly biodegradable products that become harmless bio-gases and bio-mass over time in anaerobic environments, such as landfills.

The management of Casey Container considers this letter of intent as a major step forward for the company that will enable it to immediately become an international brand in the biodegradable plastics field. For further information about Casey Container, please visit the company’s website at www.caseycontainer.com.

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