ECO2 Plastics reports 2008 results

ECO2 Plastics reported revenues of $6.7 million for calendar year 2008 versus $4.3 million during 2007. 2008 operating losses were $12.3 million versus $16 million during the prior year.

ECO2 finished the year with an increase in full-year revenue and decreased losses. The company rode through a significant decline in plastic prices and was able to maintain, without a decrease, the spread between buy and sell prices of the commodity. Demand for product continues to exceed supply and the opportunity for growth remains strong in the company's primary market of recycled PET flakes.