Itec plans first Eco2™ plant
Riverbank, CA— Itec Environmental
Group, Inc. announced that The Elevation Fund, LLC has committed
to Itec and deposited into escrow funds sufficient to enable Itec
to begin creating their first Eco2 Environmental System Plant.
This commitment enables Itec to begin drawing on the $2,000,000
low-interest "matching funds" loan from the California
Integrated Waste Management Board's (CIWMB) Recycle Market Development
Zone Loan (RMDZ) Program. Itec expects to break escrow on The
Elevation Fund loan within the next week and complete initial
construction of its first Eco2 Environmental System Plant by the
end of October.
Gary De Laurentiis, chairman
& chief executive officer stated, "Once the plant is
operational and the first phase of our business plan complete,
Itec intends to begin deployment of Eco2 Environmental System
Plants on both a national and international scale."
The Eco2 system uses a patent
pending process to clean PET and HDPE post-consumer plastics more