DGAP-News: PlanetClean Recycle Industries Corp
/ Key word(s): Joint Venture
10.06.2021 / 08:20
The issuer is solely responsible for the content of this announcement.
Planet Clean Recycle Industries Corp (Canada) "PCRI" is pleased to announce a joint venture with "Plastic World Recycling Inc", "PWR" 700 Lehigh Street, Palmerton, PA 18071, USA.
This will give "PCRI" a foothold in the USA Plastic Recycling markets and full access to USA markets and opportunities. "PWR" is in the Plastic Recycling business for more than 15 years and has established clients and suppliers in the USA. This gives "PCRI" a jump start in the USA markets.
"This is a great day for us and a great accomplishment to enter the USA markets. We are very excited with this new opportunity", said Eduard Will marketing consultant at "PCRI".
"We welcome with open arms "PCRI" and the opportunity to work alongside with us in the USA. We are excited with this new business opportunity as the Plastic Recycling business is in its boom", said Alex Ziabari, CEO of "PWR".
In 2018, China banned most plastics headed for its recycling processors, shutting down the U.S.'s largest recycling export market. This has resulted in plastic garbage piling up across the USA with no end in sight. "PCRI" intends to use the experience and facilities of "PWR" to process recycle plastics for export and sale in the United States Planet Clean Recycle Industries Corp (Canada) is looking to raise USD 50,000,000 in order upgrade the factory in the USA, need for working capital, purchase of raw materials, purchase of new plastic recycling machines, purchase of transport vehicles and equipment
About Planet Clean Recycle Industries Corp
Planet Clean Recycle Industries Corp innovate plastics recycling and greener energy methods to increase the sustainability of our planet: its oceans and seas, the land and the soil, and most importantly, its future. Planet Clean Recycle Industries Corp is located in Canada with ISIN # CA72706L1094 and Cusip # 72706L109 for the purpose of establishing its recycling business in Canada.
10.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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