Salyp, 21st Century Polymers Ink Deal

The management of  Salyp NV, Belgium and 21st Century Polymers and Associates, LLC, USA signed a letter of understanding that will give 21st Century Polymers & Associates the right to market and sell in the United States Salyp' s machinery, equipment and technology that allows recovery of plastics from shredder residue and other plastics waste streams derived from post consumer goods, such as computers, white and brown goods.

Ivan Vanherpe, CEO of Salyp, a Belgium company, said that this is a critical step in the process of expanding Salyp' s sales to the world's potentially largest market for recycling shredder residue. 

Richard Abell, president of 21st Century Polymers and Associates, stated that this understanding is the first phase in the emergence of a new industry  "post-consumer plastics recycling and the related infrastructure required to efficiently market recycled plastics".

Abell expressed confidence that the outcome of this arrangement will be wide-scale availability of low cost, recycled plastics for use in automotive and consumer products.

He added that 21st Century's expertise in polymer technology, marketing, engineering and manufacturing, together with its close ties to the major global automotive OEM's and their suppliers, will facilitate rapid expansion of Salyp' s technology and the overall plastics recycling infrastructure in the U.S., Japan and in Europe. 

"21st Century has worked with suppliers of raw shredder residue and potential customers for recycled plastics for a number of years and, therefore, is uniquely positioned to marry the newly formulated technologies of Salyp NV with the North American, Asian and European market supply and demand for recycled plastics".   Having already secured advance letters of intent for its recycled plastics with several customers, he stated that his main concern is being able to satisfy the ongoing demand - "a problem most companies would love to have".