ROCK HILL, SC / ACCESSWIRE / September 18, 2017 / GlyEco, Inc. ("GlyEco" or the "Company") (OTC PINK: GLYE), a leading specialty chemical company, today provided an update on the Company's operations following Hurricanes Harvey and Irma.
"Our top priority is the safety of our people. We have made contact with all of our employees and have confirmed that they and their families are safe," said Ian Rhodes, GlyEco's President, and Chief Executive Officer. "During this difficult time, our thoughts and prayers are with all of those impacted by Hurricanes Harvey and Irma."
Rhodes commented, "In our consumer segment, our Florida and South Carolina production and distribution facilities and related satellite locations were shut down in advance of Irma. Our facilities sustained minimal damage and are back up and running."
Rhodes continued, "As has been reported, Harvey negatively impacted more than 50% of the ethylene capacity in the United States and some ethylene glycol manufacturers have placed supply restrictions on their customers. In our industry segment, our West Virginia ethylene glycol distillation facility was not impacted by Harvey."
About GlyEco, Inc.
GlyEco is a leading specialty chemical company, leveraging technology and innovation to focus on vertically integrated, eco-friendly manufacturing, customer service and distribution solutions. Our eight facilities, including the recently acquired 14-20 million gallons per year, ASTM E1177 EG-1, glycol re-distillation plant in West Virginia, deliver superior quality glycol products that meet or exceed ASTM quality standards, including a wide spectrum of ready to use antifreezes and additive packages for antifreeze/coolant, gas patch coolants and heat transfer fluid industries, throughout North America. Our team's extensive experience in the chemical field, including direct experience with the reclamation of all types of glycols, gives us the ability to process a wide range of feedstock streams, formulate and produce unique products and has earned us an outstanding reputation in our markets.
For further information, please visit http://www.glyeco.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the words "believe," "anticipate," "expect," "intend," "estimate," and similar expressions. All statements in this document regarding the future outlook related to GlyEco, Inc. are forward-looking statements. Such statements are based on the current expectations, beliefs, estimates, and projections of management and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements including the risk that the future data will not be as favorable as the initial results. Additional uncertainties and risks are described in our most recent Annual Report on Form 10-K. For a more detailed discussion of factors that affect GlyEco's operations, please refer our filings with the Securities and Exchange Commission ("SEC"). Copies of these filings are available through the SEC website at http://www.sec.gov. All forward-looking statements are based upon information available to us on the date hereof, and GlyEco undertakes no obligation to update this forward-looking information.
President and Chief Executive Officer
SOURCE: GlyEco, Inc.