Date: March 28, 2023
Announcement no: 8
ISIN: DK0061676400
NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS,
ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE
"UNITED STATES"), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION
OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH
THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
WPU - Environmental allow to start out working - granted
WPU - Waste Plastic Upcycling A/S ("Waste Plastic Upcycling" or "WPU" or the
"Group" or the "Firm") is happy to announce that it consistent with
expectations has been granted the environmental allow required to start
operations.
Granting of the environmental allow is a prerequisite for starting operations
on the WPU - Faarevejle facility.
The environmental allow is granted by Odsherred Municipality after months of
cautious evaluation that the operation of the power will be managed with out
inflicting air pollution to the environment that's incompatible with concerns
of the vulnerability of the environment and the willpower that the corporate
has taken the mandatory measures to forestall and restrict air pollution.
FACTS concerning the WPU Faarevejle facility:
o The Faarevejle facility relies on the WPU Batch expertise - a sophisticated
chemical upcycling expertise which converts end-of-life plastic waste to
upcycled plastic oil liquid ( PtL) that in flip can be utilized for instance to
produce new plastic,
o The power is the primary commercial-scale WPU facility and prepared for
manufacturing in approx. one yr from groundbreaking,
o The Facility will encompass six reactors and can initially have the capability
to deal with approx. 42,000 tons (92,000,000 US kilos) of plastic waste per yr,
o The upcycling course of is materially power self-sufficient as reactor fuel from
manufacturing is utilized to warmth the reactors,
o CAPEX for the development of the power was EURm 14,
o As soon as absolutely operational the Faarevejle facility will generate a yearly EBITDA
of EURm 15,
o The power shall be upcycling end-of-life plastic waste from Q2-2023, and
o That EU COM's JRC lately confirmed that plastics recycling emits much less CO2
than power restoration (incineration) cf: tinyurl.com/43ecfjy9
About WPU:
WPU Waste Plastic Upcycling A/S is a Danish firm targeted on upcycling plastic
waste to grease, that could be used as full vary Naphtha or could also be distilled to
kerosene/jet gas. The technique and major aim of Waste Plastic Upcycling A/S is
to upcycle end-of-life plastic waste through the use of its batch pyrolysis expertise.
WPU goals for additional enlargement, within the European market in addition to globally. WPU
is nicely positioned for this enlargement with its confirmed expertise that's
peer-leading in respect of low CAPEX, excessive capability and fast-paced building
which can set the longer term requirements within the rising marketplace for plastic pyrolysis
throughout the waste plastic business.
For additional data, contact:
Klaus H Lindblad, Vice Chairman, International Head of IR and Authorized, e-mail:
KL@WPU-DK.COM.
Essential discover:
This announcement just isn't and doesn't kind part of any provide to promote, or a
solicitation of a proposal to buy, any securities of the Firm. Copies of
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registration or different measures. The securities referred to on this announcement
haven't been and won't be registered beneath the U.S. Securities Act of 1933,
as amended (the "Securities Act"), and accordingly is probably not supplied or bought in
america absent registration or an relevant exemption from the
registration necessities of the Securities Act and in accordance with
relevant U.S. state securities legal guidelines. The Firm doesn't intend to register
any a part of the providing in america or to conduct a public providing of
securities in america. Any sale in america of the securities
talked about on this announcement shall be made solely to "certified institutional
patrons" as outlined in Rule 144A beneath the Securities Act. In any EEA Member
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in such EEA Member State. The expression "Prospectus Regulation" means
Regulation (EU) 2017/1129 as amended (along with any relevant implementing
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Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14
June 2017 on prospectuses to be printed when securities are supplied to the
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Securities Buying and selling Act.
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