UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549

                              Form 10-QSB

(Mark One)

       [X]  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
            SECURITIES EXCHANGE ACT OF 1934
                For the quarterly period ended    September 30, 2001
                                                ----------------------
       [   ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
              EXCHANGE ACT
                For the transition period from  ______________ to ___________

                        Commission file number: 33-31067

                             BEECHPORT CAPITAL CORP.
     ----------------------------------------------------------------
     (Exact name of small business issuer as specified in it charter)

                    Colorado                             84-1137359
        ------------------------------              -------------------
       (State or other jurisdiction of                 (IRS Employer
        incorporation or organization)              Identification No.)

                     132 South Third Street, Oakdale, CA
                    --------------------------------------
                   (Address of principal executive offices)

                                 (209) 848-3900
                           -------------------------
                          (Issuer's telephone number)



     (Former name, former address and former fiscal year, if changed since
        last report)

Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or such
shorter period that the issuer was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.
                         Yes [X]    No [  ]

   APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
DURING THE
   PRECEDING FIVE YEARS

Check whether the issuer filed all documents and reports required to be filed
by Section 12, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a court.     Yes [  ]     No [  ]

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date:  As of November 19, 2001,
the issuer had 12,092,000  shares of common stock, no par value, outstanding.

Transitional Small Business Disclosure Format (Check one):  Yes [X]   No [  ]

<PAGE>
                                   INDEX


PART I - FINANCIAL INFORMATION                                    Page

Item 1.  Consolidated Financial Statements                         F-1

Review Report of Independent Accountant                            F-2

Consolidated Balance Sheets                                        F-3

Consolidated Statements of Income and Comprehensive Income         F-4

Consolidated Statements of Cash Flows                              F-6

Consolidated Statements of Changes in Stockholders' Equity         F-7

Notes to Consolidated Financial Statements                         F-8

Item 2.  Management's Discussion and Analysis of Financial
              Conditions and Results of Operations                   2

PART II - OTHER INFORMATION                                          3

SIGNATURES                                                           4

                                   1
<PAGE>

                   PART I - FINANCIAL INFORMATION
Item 1.  Financial Statements

                BEECHPORT CAPITAL CORP. AND SUBSIDIARY
                        FINANCIAL STATEMENTS
                     SEPTEMBER 30, 2001 AND 2000
















                                  F-1
<PAGE>
          REVIEW REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT
          --------------------------------------------------------


The Board of Directors
Beechport Capital Corp. and Consolidated Subsidiary
Cleveland, Ohio

We have reviewed the accompanying balance sheet of Beechport Capital Corp.
and Consolidated Subsidiary as of September 30, 2001, and the related
statements of operations and cash flows for the three and nine months then
ended, in accordance with Statements on Standards for Accounting and Review
Services issued by the American Institute of Certified Public Accountants.
All information included in these financial statements is the representation
of the management of Beechport Capital Corp. and Consolidated Subsidiary.

A review of interim financial statements consists principally of inquiries
of Company personnel responsible for financial matters and analytical
procedures applied to financial data.  It is substantially less in scope
than an audit conducted in accordance with generally accepted auditing
standards, the objective of which is the expression of an opinion regarding
the financial statements taken as a whole.  Accordingly, we do not express
such an opinion.

Based on our review, we are not aware of any material modifications that
should be made to the accompanying financial statements in order for them to
be in conformity with generally accepted accounting principles.

As discussed in the notes to the financial statements, certain conditions
indicate that the Company may be unable to continue as a going concern.  The
accompanying financial statements do not include any adjustments to the
financial statements that might be necessary should the Company be unable to
continue as a going concern.


Schumacher & Associates, Inc.
Certified Public Accountants
2525 Fifteenth Street, Suite 3H
Denver, Colorado 80211
November 19, 2001




                                   F-2
<PAGE>

                   BEECHPORT CAPITAL CORP. AND SUBSIDIARY
                        CONSOLIDATED BALANCE SHEETS
                               (Unaudited)
<TABLE>
<CAPTION>
                               ASSETS
                               ------
                                               September 30,     December 31
                                                   2001             2000
                                               -------------   -------------
<S>                                           <C>            <C>
Current Assets
     Cash                                      $    18,631    $    284,077
                                               -----------    ------------
   Total Current Assets                        $    18,631         284,077
                                               -----------    ------------

Prepaid interest                                         -          65,505
Prepaid deposit fee                                                 15,000
Prepaid license fee                                 50,000          33,333
                                               -----------     -----------
  Total Assets                                 $    68,631     $   397,915
                                               ===========     ===========
<CAPTION>
                      LIABILITIES AND STOCKHOLDERS' (DEFICIT)
                      ---------------------------------------
<S>                                           <C>             <C>
Current Liabilities:
Accounts payable and accrued expenses          $   383,527     $    58,073
Advances from stockholders                         815,230         443,476
Note payable GMA                                 1,100,000       1,100,000
Deferred revenue                                   129,875           5,027
                                               -----------     -----------
  Total Current Liabilities                      2,428,632       1,606,576
                                               -----------     -----------
Stockholders' (Deficit):
  Preferred Stock, no par value,
     10,000,000 shares authorized
     none issued and outstanding                         -               -
  Common Stock, no par value,
     750,000,000 shares authorized
     12,092,000 shares issued and
     outstanding at 09/30/2001                       1,000           1,000
  Additional paid-in capital                     1,097,780               -
  Accumulated deficit                           (3,458,781)     (1,209,661)
                                               ------------    ------------
Total Stockholders' (Deficit)                   (2,360,001)     (1,208,661)
                                               ------------    ------------
Total Liabilities and Stockholders' (Deficit)  $    68,631     $   397,915
                                               ===========     ============
</TABLE>
The accompanying notes are an integral part of the financial statements.


                                   F-3
<PAGE>
               BEECHPORT CAPITAL CORP. AND SUBSIDIARY
                   CONSOLIDATED STATEMENTS OF INCOME
                       AND COMPREHENSIVE INCOME
                            (Unaudited)
<TABLE>
<CAPTION>
                                         Three Months    Three Months
                                            Ended           Ended
                                         September 30,   September 30,
                                             2001            2000
                                         -------------   -------------
<S>                                     <C>             <C>
Revenues                                 $         -     $        -
                                         -----------     ----------
Operating Expenses:
     Consulting fees                         977,844              -
Professional fees                             12,679         11,910
Officers Salaries                             23,294        105,570
Travel                                        29,523         15,716
Insurance                                      8,132          2,393
Research and Development                           -         13,000
Payroll general                               22,701              -
Rent                                           2,700              -
Italian office                                32,377         79,581
Other                                         29,757         17,845
                                         -----------      ---------
  Total Operating Expenses                 1,139,007        246,015
                                         ------------     ----------
Net operating  (Loss)                    $(1,139,007)     $(246,015)
                                         ------------     ----------
Other income (expense):
     Loss on currency conversion              (2,981)             -
             Interest expense                (31,646)             -
     Interest income                             731              -

Net (loss)                               $(1,172,903)     $(246,015)

Per Share                                $     (.108)     $   (.025)
                                         ------------     ----------
Weighted Average Number of
 Shares Outstanding                       10,872,000      10,000,000
                                         ===========      ==========


</TABLE>
The accompanying notes are an integral part of the financial statements.

                                 F-4
<PAGE>
               BEECHPORT CAPITAL CORP. AND SUBSIDIARY
                 CONSOLIDATED STATEMENTS OF INCOME
                     AND COMPREHENSIVE INCOME
                           (Unaudited)
<TABLE>
<CAPTION>
                                         Nine Months          Nine Months
                                            Ended                Ended
                                        September 30,        September 30,
                                            2001                 2000
                                        -------------        -------------
<S>                                     <C>                  <C>
Revenues                                 $         -          $         -

Operating Expenses:
                    Consulting fees        1,369,184              120,000
Professional fees                             83,938               31,798
Officers Salaries                            144,882              177,636
Travel                                        74,743               36,051
Insurance                                     23,838                3,598
Allowance for doubtful account               105,109                    -
Research and development                      60,000               39,000
Payroll General                               47,503                    -
Rent                                          20,139                    -
Italian office                               161,095              139,795
Other                                         79,397               42,144
                                          ----------          -----------
  Total Operating Expenses                 2,169,828              590,022
                                          ----------          -----------
Net Operating (Loss)                      (2,169,828)            (590,022)

Other income (expense):
     Loss on currency conversion              (6,726)                   -
     Gain on currency conversion                 772                    -
     Interest expense                        (74,670)             (39,552)
     Interest income                           1,332                    -

Net Loss                                 $(2,249,120)         $  (629,574)
                                         ------------         ------------
Per Share                                $     (.219)         $     (.063)
                                         ------------         ------------
Weighted Average Number of
 Shares Outstanding                       10,269,201           10,000,000
                                         -----------          -----------
</TABLE>




The accompanying notes are an integral part of the financial statements.

                                  F-5
<PAGE>
               BEECHPORT CAPITAL CORP. AND SUBSIDIARY
                CONSOLIDATED STATEMENTS OF CASH FLOWS

                          (Unaudited)
<TABLE>
<CAPTION>
                                         Nine Months         Nine Months
                                            Ended              Ended
                                        September 30,       September 30,
                                            2001                2000
                                        -------------       -------------
<S>                                     <C>                 <C>
Cash Flows Operating Activities:
Net (loss)                               $ (2,249,120)       $   (629,574)
(Increase) decrease in prepaid assets          63,838             (16,667)
Increase in deferred revenue                  124,848
Increase in accounts payable
    and accrued expenses                      325,454              54,219
                                         ------------        ------------
  Net Cash (Used in) Operating
   Activities                              (1,734,980)           (592,022)
                                         -------------       -------------
Cash Flows from Investing
 Activities                                 1,097,780              (2,576)
                                         -------------       -------------
Cash Flows from Financing
 Activities
Advances from short term debt                 371,754
Advances from long term debt                        -             720,277
                                         ------------        ------------
  Net Cash Provided by (Used in)
   Financing Activities                       371,754             720,277
                                         -------------       ------------
 Increase(Decrease) in Cash                  (265,446)            125,679

Cash, Beginning of Period                     284,077                   0
                                         -------------       ------------
Cash, End of Period                          $ 18,631           $ 125,679
                                         =============       ============



</TABLE>
The accompanying notes are an integral part of the financial statements.

                                 F-6
<PAGE>



              BEECHPORT CAPITAL CORP. AND SUBSIDIARY
      CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
               For the period ended September 30,2001

                                          Additional
                     Common      Stock     Paid-in     Accumulated
                   No./Shares    Amount    Capital      (Deficit)    Total
                   ----------  ---------  ----------   ----------  -----------
Beginning balance  3,348,013   $ 190,688  $   13,600   $  273,041  $        -

Reorganization/
Recapitalization   6,651,987    (189,688)    (13,600)    (273,041)      1,000

Net (loss) for the
period ended
December 31, 2000  $       -   $       -  $        -   (1,209,661) (1,209,661)
                   ---------   ---------  ----------   ----------- -----------
Balance at
December 31, 2000  10,000,000      1,000           -   (1,209,661) (1,208,661)

Net (loss for the
period Ended
September 30, 2001                                     (2,249,120) (2,249,120)

Common stock issued
For services  2001  1,992,000              1,071,140                1,071,140

Common stock
issued for debt
September 2001        100,000                 26,640                   26,640

Balance at June
30, 2001           12,092,000  $   1,000  $1,097,780 $(3,458,781) $(2,360,001)
                   ==========  =========  ========== ============ ============



The accompanying notes are an integral part of the financial statements.





                               F-7
<PAGE>
               BEECHPORT CAPITAL CORP. AND SUBSIDIARY
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
           SEPTEMBER 30, 2001 AND 2000 AND DECEMBER 31, 2000

1.  Basis of Preparation
------------------------
The interim financial statements included herein have been prepared by the
Company without audit.  These statements reflect all adjustments, which are,
in the opinion of management, necessary to present fairly the financial
position as of September 30, 2001, and the results of operations and cash
flows for the period then ended.  All such adjustments are of a normal and
recurring nature.  Certain information and footnote disclosures normally
included in financial statements prepared in accordance with generally
accepted accounting principles have been condensed or omitted.  It is
suggested that these financial statements be read in conjunction with the
financial statements and notes for the year ended December 31, 2000.

2.  Basis of Presentation - Going Concern
-----------------------------------------
The accompanying financial statements have been prepared in conformity with
generally accepted accounting principles, which contemplates continuation of
the Company as a going concern.  However, the Company has sustained operating
losses since its inception and has a net capital deficiency.  This fact
raises substantial doubt about the Company's ability to continue as a going
concern. Management is attempting to raise additional capital.

In view of these matters, realization of certain of the assets in the
accompanying balance sheet is dependent upon continued operations of the
Company, which in turn is dependent upon the Company's ability to meet its
financial requirements, raise additional capital, and the success of its
future operations.

Management is in the process of attempting to raise additional capital and
reduce operating expenses.  Management believes that its ability to raise
additional capital and reduce operating expenses provide an opportunity for
the Company to continue as a going concern.









                                   F-8
<PAGE>
Item 2. Management's Discussion and Analysis of Financial Condition and
        Results of Operations

     Beechport Capital Corp. (the "Company") was organized as a Colorado
corporation on January 24, 1989.  On May 29, 2001, the Company filed a current
report on Form 8-K to report that effective May 4, 2001, the Company entered
into a share exchange agreement with Itec International Technologies, Inc.
(ITEC), to acquire all the issued and outstanding shares of common stock of
ITEC in exchange for 6,651,987 shares of the Company's common stock. This
business combination resulted in the shareholders of ITEC owning approximately
66.5% of the issued and outstanding shares of the Company's common stock
(10,000,000 shares were outstanding upon completion of the transaction),
and the Company holding 100% of the issued and outstanding shares of ITEC's
common stock.

     ITEC's uses patented technology and proprietary equipment to design and
sell worldwide oil and agricultural chemical container recycling equipment
and related systems. ITEC's initial marketing of the technology is
concentrated in Italy and California.

     ITEC has environmental technology using a carbon dioxide cleaning process
licensed from Honeywell FM&T and operating under contract with the Department
of Energy. This new environmental technology, The ECO2 (TM) Environmental
System, is believed by management to be the only pollution prevention and
recycling system on the market today that allows for the 100% recycling of
plastic motor oil containers and the residual oil left inside each container.
By using the carbon dioxide cleaning process, the Company can focus on
environmental protection and environmental safety by creating no chemical
waste disposal in the oil recycling and plastic recycling process.

     As of September 30, 2001, the Company had a stockholder's deficit of
$2,328,355, an accumulated deficit of $3,427,135, and a working capital
deficit of $2,410,001.

     The Company has entered in negotiations with certain vendors and note
holders who are due approximately $1,900,000 and has offered equity
securities in payment.  The Company expects that a majority of  the vendors
and note holders to convert to equity securities in the fourth quarter of
2001. However, no assurances can be given that such negotiations will be
successful.

     The Company requires additional financing to continue to fund operations
and has engaged consultants to assist in  the raising of the required debt
or equities. However, no assurances can be given that such financing will be
available in the amount required or, if available, that it can be on terms
satisfactory to the Company.

     In connection with the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, readers of this document and any document
incorporated by reference herein, are advised that this document and documents
incorporated by reference into this document contain both statements of
historical facts and forward looking statements.  Forward looking statements
are subject to certain risks and uncertainties, which could cause actual
results to differ materially for those indicated by the forward looking
statements.  Examples of forward looking statements include, but are not
limited to (i) projections of revenues, income or loss, earning or loss per
share, capital expenditures, dividends, capital structure and other
financial items, (ii) statements of the plans and objectives of the Company
or its management or Board of Directors, including the introduction of new
products, or estimates or predictions of actions by customers, suppliers,
competitors or regulatory authorities, (iii) statements of future economic
performance, and (iv) statements of assumptions underlying other statements
and statements about the Company or its business.  Forward looking statements
are beyond the ability of the Company to control and in many cases the
Company cannot predict what factors would cause results to differ materially
from those indicated by the forward looking statements.


                                   2
<PAGE>
                    PART II - OTHER INFORMATION

Item 1.  Legal Proceedings - The Company is not involved in any material
                             legal proceedings.

Item 2.  Changes in Securities - None

Item 3.  Defaults upon Senior Securities - None.

Item 4.  Submission of Matters to a Vote of Security Holders - None.

Item 5.  Other Information - None

Item 6.  Exhibits and Reports on Form 8-K - None













                                   3
<PAGE>

SIGNATURES

     In accordance with the requirements of the Exchange Act, the Company
caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.


(Regostrant)               BEECHPORT CAPITAL CORP.


BY(Signature)              /s/ Gary M. De Laurentiis
(Date)                     Novermber 19, 2001
(Name and Title)           Gary M. De Laurentiis, President, Chief Executive
                           Officer, Chief Financial and Accounting Officer,
                           and Director