Envirolastech launches 60-day campaign to raise US$2.5M for first processing facility after developing method to process waste materials into composite compound for use in manufacture of building products including decking, siding, windows
April 15, 2014
– Minnesota-based materials science research, development and manufacturing company is ready to open its first processing facility to transform recycled materials into its advanced composite material used in manufacturing green building products.
Envirolastech, Inc. announced the launch of its 60-day Crowdfunder campaign, with a crowdfunding goal of $2.5 million. The minimum investment is $10,000. Envirolastech creates multiple revenue streams and generates profits by producing superior performing green plastic pellets and green plastic building products from recycled waste. Envirolastech recycles and re-uses industrial and post-consumer waste in a proprietary process to produce a recycled plastic composite compound. The composite material in pellet form is used in manufacturing green products for a variety of construction and landscaping applications. The company will use the funds from its campaign to open its first processing and production facility to meet demand for its green material.
Envirolastech has developed an advanced thermoplastic technology that takes recycled plastics and glass, diverted from landfills, and fly ash from municipal solid waste incinerators and turns the materials into an innovative recycled plastic compound. The company is ready to begin full-scale production to meet demand for its compound for manufacturing a range of green building products, including decking, siding and energy-efficient replacement windows.
“We have proven that our recycled composite material can be used to manufacture more than 30 different green products for use in commercial and residential building and landscaping,” said Paul Schmitt, founder and chief executive officer, Envirolastech, Inc. “We have customers, established manufacturers, ready to use our material to strengthen and improve their green building and landscape products as soon as we get into production.”
“Envirolastech has the potential to keep millions of pounds of plastics and glass out of the waste stream and to utilize tons of fly ash waste material,” said Tim Pickett, president and chief operating officer, Envirolastech, Inc. “The full-scale plant we are seeking funding to construct will be a zero-waste, closed loop facility.”
Envirolastech has devoted 19 years of R&D to develop and refine its proprietary technology. The company has completed extensive laboratory and field testing. The American Society for Testing and Materials has validated the technology. In 2012, Envirolastech won the Clean Tech Division in the 2012 Minnesota Cup competition, which honors top entrepreneurial, innovative businesses. The Polymer Solutions Independent Testing Lab has also recognized the company’s scientific breakthrough with a Top 25 World Plastic Innovation Award.
Products manufactured with recycled plastic composite compounds are durable, maintenance-free, impervious to water (so they do not crack during freeze-thaw cycles), and are 100 percent recyclable. Envirolastech provides decided advantages over other recycled plastic composites.
First, the company has developed more than 750 unique formulas with different combinations of recycled plastics. This enables Envirolastech to produce composite plastic pellets specifically formulated with structural and performance characteristics matched to its customers’ exact requirements. Second, Envirolastech produces the only recycled plastic composite that becomes stronger, rather than more brittle, in cold temperatures. Third, Envirolastech’s composite has been tested and proven to have the strength required to replace wood lumber in load-bearing applications.
Envirolastech serves fast-growing markets: green building, sustainable development and landscaping. According to Navigant Research, the global market for green construction materials will grow from $116 billion in 2013 to greater than $254 billion in 2020. Research firm McGraw-Hill Construction reports that builders worldwide are shifting their construction methods toward green building and sustainable construction, with 51 percent of respondents to their survey indicating they expect more than 60 percent of their work to be green by 2015, as compared to 28 percent in 2013 and 13 percent in 2008. The Freedonia Group, Inc. projects that the U.S. market for landscaping products will grow 6.9 percent annually through 2017 to $6.5 billion.
Details on the Envirolastech Crowdfunder campaign are available at http://www.crowdfunder.com/envirolastech-inc-.
About Envirolastech, Inc.
Headquartered in Rochester, Minn., Envirolastech, Inc. is a materials science research, development and manufacturing company that has pioneered and perfected a proprietary thermoplastic technology. Envirolastech’s advanced, award-winning technology uses recycled plastics and glass, supplemented with fly ash from solid waste incinerators, and transforms them into an innovative recycled plastics composite compound. Envirolastech supplies its composite material to manufactures that demand a high-performing, cost-competitive, and green alternative to improve and strengthen their products. Envirolastech can also use the material to manufacture its own green products for construction and landscaping applications. For more information and technical details, visit http://www.envirolastech.com.