In this update, you will learn more about our progress in the main Plastic-to-Oil project, plant engineering and oil refining. We announce a new product, look back at an extremely successful investor event and provide an insight into the status of financing.
Plastic-to-oil | Main project
After completing the first performance tests in Bulgaria, we were able to sell our first plant to Australia. Since there are an enormous number of regulations in Germany, we deliberately chose Bulgaria as the test location. The construction of another five plants for interested buyers is in full swing.
Joy reigns: For the site in Hoyerswerda, we have received the large Federal Immission Control Act after fighting for it for two years. At this point we would like to express our sincere thanks to the local authority: The cooperation is very pleasant and uncomplicated. If you want to follow the expansion project in Hoyerswerda, you will find an article about it in our news.
We are also growing steadily in this business area. The first plant for GOA will be completed in the 2nd quarter. Due to a personnel change there was a small delay here. We are mastering this day-to-day challenge as well.
News | CO2 emission certificates
Since April 1, 2023 we are allowed to issue CO2 certificates. We have the proof of the authority that we save 93% CO2.