- Business
- GlyEco, Inc. (GLYE) operates as a specialty chemical company that leverages proprietary technology for the recycling, manufacturing, and distribution of glycol-based products, including antifreeze, coolants, and heat transfer fluids; it processes waste glycol streams from automotive, HVAC, industrial, and other sources into high-quality recycled products meeting or exceeding ASTM standards such as E1177 EG-1. The company conducts operations through Consumer and Industrial segments; the Consumer segment recycles waste glycol into automotive antifreeze, specialty blended antifreeze, recycled HVAC fluids, and windshield washer fluids at six processing and distribution centers in Minneapolis, Minnesota; Indianapolis, Indiana; Lakeland, Florida; Rock Hill, South Carolina; Tea, South Dakota; and Landover, Maryland, while also providing waste glycol collection and disposal services via its truck fleet; the Industrial segment encompasses the WEBA division, which develops and markets METALGUARD additive packages for antifreeze/coolant, gas patch coolants, and heat transfer fluids covering conventional, OAT, and phosphate-based inhibitors for light-duty vehicles, heavy-duty diesel engines, stationary engines, and all-aluminum systems, and the RS&T division, which runs North America's largest glycol re-distillation plant in Institute, West Virginia, with 14-20 million gallons per year capacity featuring five distillation columns, wiped-film evaporators, and extensive storage for virgin-quality recycled glycol sold worldwide. Products are delivered in bulk containers, barrels, totes, and metered quantities to retail end-users, wholesalers, distributors, and industrial customers across North America, primarily east of the Rocky Mountains, with supplemental virgin glycol sourced as needed. Founded in 1996 and headquartered in Rock Hill, South Carolina, GlyEco maintains eight facilities overall and emphasizes vertically integrated, eco-friendly solutions with rigorous quality control. Recent major changes include the 2016 acquisition of WEBA Technology Corp. and Recovery Solutions & Technologies Inc., which established its leading additives business and West Virginia re-distillation capabilities; the 2016 acquisition of certain glycol distillation assets from The Dow Chemical Company; the 2016 purchase of Brian's On-Site Recycling to expand Florida market share; and the 2019 sale of its Consumer segment to Heritage Crystal Clean, shifting strategic focus toward industrial operations, additives, and high-capacity re-distillation while retaining core recycling technology and facilities.