Fox Petroleum Recycling Subsidiary Sees Increase in Demand for Plastics Recycling
Fox Petroleum Inc. (PINKSHEETS: FXPT) announced today its Canadian based subsidiary Resource Polymers Inc. has seen a huge increase in demand for recycling and the company expects year over year sales to grow by more than 150%.
“Our Canadian operations are moving very smoothly and we have already seen an increase of product of suppliers in January which is traditionally a very slow month,” said William Lieberman, President of Fox Petroleum. “I believe that we will be on target to reach 30 Million pounds of recycled plastics per year at the level we are already seeing for our services,” he added.
The company is aggressively seeking additional acquisition targets in the plastics recycling market place to increase its processing capacity and the company is currently speaking to Fortune 500 companies in the automotive and beverage industries to process plastic waste streams and fulfill circular recycling streams.
About Fox Petroleum Inc. (PINKSHEETS: FXPT) www.foxpetro.net
Fox Petroleum Inc is focused on acquiring, developing and operating plastic recycling operations throughout North America. With a focus on plastic waste compounds and the aggregating of plastic scrap products for manufactures, Fox Petroleum’s goal is to become an important partner for leading recycling companies who need proficient services. The company expects its Canadian subsidiary which will become carbon neutral will process up to 30 Million pounds of post industrial and post consumer scrap plastics per year with revenues approaching Five million dollars per year at these processing levels. Fox Petroleum is aggressively seeking additional acquisition targets in the plastics recycling market place to increase its processing capacity and the company is currently speaking to Fortune 500 companies in the automotive and beverage industries to process plastic waste streams and fulfill circular recycling streams
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