Casey Container's Equity Funding is Poised for Launch into the Rapid Growth $2.3 Billion Biodegradable Plastics Market in 2013
Casey Container Corp. aims to capture market share using the patented biodegradable plastics solution, EcoPure®. The Company plans to offer proven biodegradable products to an explosive global market projected to reach $7.8 billion by 2018.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Casey Container Corp.'s (OTC:CSEY) ("the Company" or "Casey") anticipated equity funding soon to be in place puts the Company in the position to capitalize on what experts say will be an explosive growth period for the biodegradable plastics industry - a global market that is already valued at $2.8 billion.
According to independent reports, the biodegradable segment of the estimated multi-billion dollar global plastics and rubber industry is forecasting 400 percent growth by the end of the decade. A report by Transparency Market Research states that "...the global synthetic and bio-based biodegradable plastics market was worth USD $2.3 billion in 2011 and is expected to reach USD $7.8 billion by 2018..."
Casey Container plans to use its equity funding to open its new facility in the first quarter of 2013 and launch marketing of its products that use the patented EcoPure® additive to create biodegradable plastics solutions in a variety of industries.
Casey is a licensee of the proven EcoPure® additive, which is added to plastic resin during the manufacturing process, making the plastic fully biodegradable in a landfill environment. EcoPure® additive has been proven by independent third-party testing facilities to fully biodegrade plastics in as little as three years, depending on variables in the bio-degradation environment. The additive has successfully been used in plastic products and subject to long-term testing since 2009.
Management believes that Casey's products have the potential to be a major market disruptor for plastics that must biodegrade in a landfill environment. They expect to first approach the biodegradable manufacturing market for preforms, bottles and containers where Casey can quickly secure a meaningful market position and revenues.
Casey Container CEO and President Martin Nason states, "Our ability to create a PET and HDPE plastic that is truly biodegradable sets Casey apart from anything available in the market today. The bottling industry spends billions on plastic containers each year. We expect to capture a profitable segment of this market by providing products that environmentally conscious companies are seeking."
"There are numerous opportunities waiting for us to ship product," Nason says. "We have been contacted by dozens of companies domestically and internationally since we first introduced Casey Container."
Casey Container Corp. is currently headquartered in Scottsdale, Ariz. with planned operations to be located in the United States, Europe and other international markets as development rolls out over 2013 and beyond.
About Casey Container
Casey Container Corp. (CSEY) is engaged in the design and custom manufacture of biodegradable PET, HDPE and other plastic polymer preforms, bottles and containers for use in the bottled water, beverage and consumer products industries. Casey Container seeks to capture significant market share by offering biodegradable plastic packaging solutions leveraging the EcoPure® additive. For details, visit Casey's website at www.caseycontainer.com.
Safe Harbor for Forward Looking Statements:
Exceptfor historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices as well as other factors addressed in the company's filings with the Securities and Exchange Commission. For all such forward-looking statements, we claim the safe harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company disclaims any obligation to update any forward-looking statement made herein.
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Martin Nason for Casey Container
IR (at) caseycontainer (dot) com
KEYWORDS: United States North America Arizona
The article Casey Container's Equity Funding is Poised for Launch into the Rapid Growth $2.3 Billion Biodegradable Plastics Market in 2013 originally appeared on Fool.com.
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