via Seo Montreal
) — Blue Gold Beverages, Inc. (PINKSHEETS: BGBV) Blue Gold Beverages, through its wholly owned subsidiary TY Recycling, has begun a new commercial grade Type 66 Nylon reclamation project in Greenwood, South Carolina. The company’s testing shows that the amount of Nylon available for recovery is estimated between 20,000 to 30,000 metric tons. The Nylon is very clean and is not mixed with any other waste materials, which will make for a much easier cleaning process. Blue Gold Beverages is currently exploring the option of setting up an on-site cleaning facility to separate the nylon from the soil as it is excavated from the landfill using a large centrifuge. This rotating piece of equipment separates the nylon from the soil particles.
With the current market value of clean, pelletized nylon at approximately $1,500 per metric ton, the total value of recoverable Nylon at the South Carolina site is estimated at between US$ 30,000,000 to US$ 45,000,000.
Please visit our website at www.bluegoldbeverages.com under TY Recycling tab to see all of the latest updates on this and all of our projects as well as more about commercial grade type 66 Nylon and Polyethylene Terephthalate.
ABOUT THE COMPANY: Blue Gold Beverages wholly owned subsidiary, TY Recycling specializes in the cleaning, processing and recycling of thermoplastic polymers such as Polyethylene Terephthalate and Type 66 Nylon waste. This is in-line with the company’s strategy of becoming environmentally responsible by eliminating its carbon footprint, and increasing shareholder value. Blue Gold Beverages, Inc. through its recent acquisition of Epic Nutrition is a leading producer of 2 ounce specialty drinks and energy bars such as NRG Shots and PitBull energy bars, please visit our website www.bluegoldbeverages.com for more details.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company’s mission and vision. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.