Canglobe Announces PET Recycling Plant

Canglobe International has acquired the manufacturing and marketing rights to produce PET flake, pellets and sheeting from post-consumer PET bottles.

The processing system was acquired from Grant Bennett and Donald Sampson, president and CEO of Canglobe.

With the system the company hopes to begin purchasing equipment and start operations within one month of delivery. The initial costs to produce a PET pellet producing facility will be around $2.0 million. The cost to build a 40 million pound per year recycled PET production facility is about $10 million. According to the company the facility will be built in the Las Vegas area.

Due to the strong demand for PET products, Bennett says the company has standing orders for all the material produced at the facility. Additionally, the company has secured a steady supply of scrap PET from sources in the Western U.S.

e as more and more products are being packaged using PET; there are acute shortages of PET pellets, flake and sheeting developing in the market. Mr. Grant Bennett has indicated that not only does he have standing orders for all production from the PET recycling facility; he has also secured a continuous supply of post consumer bottles to feed the facility from California and other western U.S. states.