Petstar

completed

_x000C_Petstar S.A. de C.V. (Petstar) will construct and operate a bottle-to-bottle plastic recycling facility that will convert post-consumer polyethylene terephthalate (PET) bottles into food-grade, recycled PET resin that will be sold to the Mexican soft-drinks bottling industry. The plant will be located in Toluca, in the State of Mexico, and will have a production capacity of 20,000 tons per year. The discarded PET bottles that the plant recycles will reduce the volume of municipal solid waste generated in Mexico and will reduce the consumption of virgin PET by bottle manufacturers. Petstar’s wholly owned subsidiary, Avangard Mexico S.A. de C.V. (Avangard), is the largest collector of post-consumer plastic in Mexico. In 2006, it collected over 74,000 tonnes of PET. Avangard sorts, bales and grinds the PET and currently exports most of its product to the U.S. and China. It will exclusively supply the Petstar recycling facility.