Casey Container is planning to use equity funding to open its new facility in the first quarter of 2013.
The designer and custom manufacturer of biodegradable PET, HDPE and other plastic polymer preforms aims to capture market share using the patented biodegradable plastics solution, Ecopure.
The additive, which is added to plastic resin during the manufacturing process, has been proven by independent third-party testing facilities to fully biodegrade plastics in as little as three years, said Casey.
Martin Nason, Casey Container CEO and president, said: “Our ability to create a PET and HDPE plastic that is truly biodegradable sets Casey apart from anything available in the market today.
“We expect to capture a profitable segment of this market by providing products that environmentally conscious companies are seeking.”
The firm is currently headquartered in Scottsdale, Arizona with planned operations in the US, Europe and other international markets as development rolls out from 2013.