Casey Container Corp to develop biodegradable preform/bottling plants

Casey Container Corp has signed a letter of intent (LOI) with CEG Fund to obtain up to $65 million to develop several international biodegradable preform and/or bottling factories under a multi-year contract.

The funding is allocated to several plants based on a build and development plan from Casey Container Corp's management group, who will be the managing partner for the enterprise.

The company said the identified locations may change, depending on business opportunities and market conditions.

The management group expects to own at least one third of the newly formed Casey Container International, with the exclusive rights to design, build and manage the manufacturing facilities and supply EcoPure additive to all the facilities.