@parallelproducts.com
Parallel Products is a renewables & environment company that offers beverage recycling services.
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Description
Parallel Products is a leading brand in North America, specializing in beverage destruction and recycling. With their headquarters in Louisville, KY, they offer national services to various industries including Alcohol and Non-alcohol Beverages, Pharmaceuticals, Health & Beauty, and Industrial Alcohol. Their regional recycling facilities are strategically located in Bronx, NY, New Bedford, MA, Ontario, CA, Denver, CO, and North Boston, MA.
Parallel Products is committed to sustainability and recycling. Each year, they recycle over 200 million pounds of packaging materials, such as glass, aluminum, and plastics, through the destruction and recycling of distressed and unsaleable beverage products. They also recover and manufacture over 6.
5 million gallons of waste-derived ethanol. This ethanol is used by major oil companies as a clean air additive in their gasoline blends, contributing to the production of 60 million gallons of lower emission gasoline products. The brand prides itself on high-volume processing capabilities.
Their state-of-the-art facilities in the Northeast employ advanced technology to maximize the value of recovered PET, Aluminum, and Glass beverage containers. Parallel Products aims to recover and reuse the maximum amount of resources from the products and wastes they receive, setting the bar for recovery and reuse in their industry. Aside from their focus on sustainability, Parallel Products also prioritizes brand protection, security, and compliance.
They manage and process materials under the strict requirements of governing bodies such as the Tax & Trade Bureau, Department of Homeland Security, and U. S. Customs.
This ensures that materials are properly removed from the market, destroyed/recycled, and eliminates any potential downstream liabilities. The brand also offers assistance with federal excise tax and customs duty drawback processing. Their dedicated professionals handle tax claims to recover associated costs with unsaleable products, processing over $8 million in tax recovery funds on behalf of their customers annually.
Parallel Products' permitted distilled spirits plants allow them to recover and repurpose ethyl alcohol, exempting these materials from hazardous waste characterization. Their facilities also offer flexibility, with unmatched receiving and processing capacity. They can quickly and efficiently manage large projects or aid in natural disasters.
Additionally, they provide assistance with freight coordination and scheduling shipments nationwide. Parallel Products continuously works on projects in the renewable energy sector to contribute to the nation's agenda on renewable energy. Their commitment to sustainability, brand protection, and compliance makes them a trusted partner in the industry
Company Type
Privately Held
Company Size
51-200
Year Founded
1987
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